Table conversion continuous string

Is it possible to import data through table conversion from a flat file which is a text format file and it comes in continuous string of data in jde 9.2 as opposed to each line or field consisting of fixed length? It would be a continuous line with no carriage return after 80 characters or so. Another option that is provided is that the file may come with a special character that is identified to carriage return like this *…" If we choose this option then each line wouldnt come with fixed length, but there would be carriage return anywhere between the lines.