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Microcap & Penny Stocks : Alpharel(AREL) - any thoughts?

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To: Ed Newman who wrote (116)10/1/1996 10:03:00 AM
From: Woody_Nickels   of 143
 
Ed, I'd look for APCC as a short term (<6 mos) buy from here. I think
it'll go to $18-24 range. Right now it's backing off in prep for 3rd
qtr results. I bought AREL on a recommendation from a co-worker who
is a momentum player, follows Wm. O'Neill I think. AREL has a good
history, story, not much negative and a niche product, as you said.
I'll probably average down on this one too, when I pay some bills off!
BTW my co-worker friend is long MRVC at 30 and AREL at 8 and cries
every day that he can't get out now. I try to impress on him the vir-
tues of VALUE investing and out-of-favor but good companies.
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