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To: Lawrence Burg who wrote (4147)10/14/1999 8:43:00 AM
From: Lawrence Burg
   of 4179
 
CH, I'm…w/o L2 most days…until I can afford an aircard, anyway…;o)

Momo charts on INNO look great. Not sure who's providing resistance @ $3. If you've been watching the trading closely, you'll know better than anyone when the top blows off. Trust your instincts…just don't go crazy :o). Oh yeah, the spread sizes you see on real time, eg. 20 & 130…2 7/8(20) x 3(130), are only the first MM's professed, shares available. He may have more. Also, there may also be additional shares with other MMs that won't show unless the MM w/130 (13,000 shares) gets moved/bought off of that price. So when you see the 130 get nibbled away to 320, a block of 4,000 shares goes off at the ask, and the ask size jumps up to 83, it means that there was another MM @ $3, with 9,100 available…

Know the fundies. I traded INNO last time based on the clear backpack hype. Since then, I've seen about a ½ dozen different producers of clear bags of all sorts. The craze is here, just not sure who's gonna profit. I'm not sure what else Innovo can derive net $ from.

Good Luck. LB

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To: Lawrence Burg who wrote (4150)10/14/1999 11:31:00 AM
From: Ron Cavanagh
   of 4179
 
I am going to guess, it was just daytraders, if you look we are around the same volume already today but we are back down to around 2 1/2. My guess is that someone at a daytrader site picked INNO yesterday.

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To: Ron Cavanagh who wrote (4151)10/14/1999 12:57:00 PM
From: William Macko
   of 4179
 
GREAT NEWS...
biz.yahoo.com
...Bill

Here is some of it:
INNOVO GROUP INC. Reports Net Sales of $7,389,000
and Net Income Of $1,042,000 for the Third Quarter of
Fiscal 1999

KNOXVILLE, Tenn., Oct. 14 /PRNewswire/ -- INNOVO GROUP INC. (Nasdaq: INNO -news), a manufacturer and supplier to national and international retailers, including Wal-Mart,Target, K-Mart, Michael's, Hobby Lobby, Dollar General, Profitt's, and Goody's, today announced revenues and earnings for the third quarter of the 1999 fiscal year.

For the quarter ended August 31, 1999, the Company had net income of $1,042,000 or $0.17 per share compared to a net loss of $1,437,000 or $0.32 per share for the third quarter of fiscal 1998.
Net sales in the third quarter were $7,389,000 compared to $2,294,000 in the third quarter of fiscal 1998, representing a 221.1% increase. For the nine months ended August 31,1999, the Company's net sales have increased to $9,481,000 compared to $5,822,000 in 1998. For the
same period, the Company has experienced a net loss of $16,000 in 1999 compared to a net loss
of $2,432,000 in 1998.

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To: William Macko who wrote (4152)10/14/1999 1:05:00 PM
From: Ron Cavanagh
   of 4179
 
Just short of even for the year.

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To: Ron Cavanagh who wrote (4153)10/14/1999 1:25:00 PM
From: William Macko
   of 4179
 
That's right but we have the 4Q in which to turn a Profit for the
year..Bill

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To: William Macko who wrote (4154)10/14/1999 4:15:00 PM
From: Ron Cavanagh
   of 4179
 
I don't get it. Why the big drop? What did the investors expect the numbers to look like.

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To: Ron Cavanagh who wrote (4155)10/14/1999 6:42:00 PM
From: Martin Olsen
   of 4179
 
I think you're problem is you think that "investors" were the ones
selling today.


In my opinion, short-termers and momentum traders were the ones buying
on rumor and selling on news.

The numbers were far better than I expected, to be honest, so I might
think we can hope for a bit of a comeback in stock price after the
daytraders have left town...

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To: Martin Olsen who wrote (4156)10/15/1999 1:19:00 AM
From: William Macko
   of 4179
 
Ron & Martin...The answer is WHERE THE RELEASE WENT TOO:

KNOXVILLE, Tenn., Oct. 14 /PRNewswire/ -

If the major wires don't pick it up NO ONE knows..The news will get
out as everyone is looking for winners and a 200+ % increase will not be ignored..Martin: The drop as you say were the Short Holders not the investors.. that is why I took the opportunity to pick up a few more shares to-day..I can remember when everyone was saying that Jay was to young for the JOB well they will be coming back onboard...Good Luck...But JMHO...We Have a Winner
Bill

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To: William Macko who wrote (4157)10/20/1999 11:45:00 AM
From: Amir Feinsilber
   of 4179
 
Seems like we will be moving higher very soon. The company turned a $.17 profit...Any clue as to why to low volume--- I picked up some more shares today--- Should be very interesting in the coming weeks as the news hits.

-Amir

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To: Joseph F. Hubel who wrote (4144)10/20/1999 11:49:00 AM
From: Amir Feinsilber
   of 4179
 
What is the current float outstanding? Thanks!

-Amir

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