Adacel: Set to soar next week

This week Adacel signed 3 NEW mid-sized ATC simulator contracts in North America. Management will be making an official ASX announcement tomorrow or on Monday for one or more of these contracts. Even before signing these contracts ADA had a stunning FY03 outlook on the strength of the large USAF announced in April. (See earlier company announcements and my previous posts). Assuming the DOW remains steady, expect a 30-40% jump in the ADA stock price upon announcement. If there are more falls in NY, expect a 15-20% jump on the official announcement.