Research Frontiers (REFR) Message Board

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Technology Stocks : Research Frontiers (REFR)

REFR 1.890

-2.6%

9:30 AM EST

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To: Bill Wexler who wrote (898)	10/4/1998 12:25:00 PM
From: Joe Bilich	Read Replies (2) of 50017

Hey Bill--you sure about that target price? I have a small REFR position, and you will find that I do not post much on this stock and am certainly not a cheerleader. In short, I am the type of small investor you are trying to scare away and shake out. Your target of less than one implies that there is NOTHING of substance about this company, that it is all smoke and (SPD glass, of course) mirrors. Among other evidence that this is really a going concern, there are licensees who have made public statements about the potential of the technology. I just can't buy a valuation that implies this is a scam. You have every right to go short when you want to. REFR, like other stocks, may be overvalued from time to time. There may be opportunities for profitable short selling along the way. However, since I just can't buy the conclusion your target price leads to, I have to think you just threw it out to try to scare people. That kind of innuendo just diminishes any real case you might make for shorting REFR at this time (or, as relates to me, for bailing out). I'm gonna hold.

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