MSU CORP-----MUCP Message Board

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Microcap & Penny Stocks : MSU CORP-----MUCP

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To: jack montgomery who wrote (41)	6/2/1996 4:09:00 AM
From: Zane Myers	of 6180

Hi Jack, NOFF - Citadel I will usually put in a stop on a new investment to mitigate any potential losses, but unfortunately on Citadel I did not. I am by nature a short term trader (6 weeks in an equity is a long time for me). It looks like Citadel may be a longer wait than I am accostomed to. Although I do not advise I will tell you my thinking and what I plan to do. I called and spoke with Steve Solomon (He is in charge of company relations at the company 214-520-9292 - in case you want to call). The official line on the company is that they have told Wall street not to expect profits until the third quarter of 96. After a little more probing he indicated things were going quite well for the company and he expects sales will be up for 96 to about 20 million from about 2 million in 95. Additionally, he also said they are trying to be very conservative in giving earnings estimates to Wall Street so that if any earnings surprises happen they will be positive. My take on this comment was that they may be holding back a little from Wall Street at this point and may have some positive earnings surprises coming out either with earnings releases in June or next quarter in September. Additionally they do have all paperwork filed with NASDAQ and have met all requirements for a full listing and are just waiting for final approval. This could happen at any time or could take another six months, it is up to the whimsey of NASDAQ to deciede. Short term I see the stock price weakening further, perhaps to as low as $11.00. I plan to hang on although it pains me to do so. The fundementals appear sound on this company and they are working on some new products for the internet which appear very promising. Immeadiate term prospects (1-3 weeks) appear to show more weakening on the way. Mid Term (3-9 weeks) appear better. I am not expecting a sharp upturn in the NOFF stock price for about 12-15 weeks. Sorry buddy, wish I could give you better short term prognostication. I am going to hang in there through this weakening as the mid to long term prospects for this issue still appear very favorable. Good Luck - Hope this helps, Zane

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