INSS - International Network Services Message Board

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Technology Stocks : INSS - International Network Services

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To: Steve Gray who wrote (62)	2/24/1997 4:33:00 PM
From: Trevor Goodchild	of 446

Steve, I agree. Someone must have twisted Morgan's arm to free the shares early. If you look at the networking sector when this happened, it would make sense that someone who had alot of shares panicked and wanted to get out. That caused the slide to 21. Morgan's "50% upside" response caused the ride back to 27 but I don't see any new investors jumping in at this time. Wide spreads scare investors away. INSS' spread was 24 1/4 ask 23 3/8 bid all afternoon today. If I'm correct, and more shares are freed up next month, this thing could move South. Earnings Report at the end of April should be very interesting. At .14 annual earnings, INSS is trading at a P/E of around 170. If INSS moves to $35 like Morgan thinks it will, INSS will attract all those value investors like Michael Price with its P/E of 250! Yikes. TG

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