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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge.

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To: Sergio H who wrote (1661)6/25/1998 9:43:00 AM
From: Jack Ucci   of 1923
 
Sergio

I appreciate your posts on atpx, and while I have no info to provide I still have questions about the performance of this stock. For one, what is the status of their intention to achieve Nasdaq national listing? Is the light trading volume an obstacle for this? Issuance of more shares is more likely after the stock price appreciates, and this does not look likely until some great news hits the fan.

Also with a few thousand shares of atpx I am not eager to accumulate more even at prices lower than my $15 breakeven, given the light trading volume. I still believe it can be a $20 stock. If the market really turns sour, this could be a long wait. With some good news and/or momentum it could happen soon. With neither atpx might be dead money for me. I really think it will take a series of positive events to muster interest in atpx sufficient to fulfill its $20 promise.

Also the spread all too often is quite large and unpredictable. This while understandable makes trading atpx very difficult.

Jack
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