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Technology Stocks : Parlex Corporation(PRLX) Record earnings again.
PRLX 0.00010000.0%Aug 22 5:00 PM EST
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To: Ken G. who wrote (3)7/10/1997 9:16:00 PM
From: Stephen J. Eisenreich   of 92
 
Ken,

What I meant in my remarks was that the investor who had parted with a block of 100,000 had the deal handled by Adams-Harkness. If you have been watching this company, the stock stuttered at 15-15 1/8 which is where those shares were offered. When the broker I use saw the stock break through those numbers he called PRLX's P.R person and was told that A-H was off the offer, all the shares were out. This was not the beginning of any insideer selling from what I have been told, but rather one initial investor liquidating some of his shares to take the profits.

Adams-Harkness, from what I have been able to glean out of all my sources, has not raised their rating...yet. I don't even know if that is in the cards right now. I have become skeptical of analysts ratings anyway because they usually upgrade when the value is already in the stock, hoping to attract sideline investors.

What I do know is that on the back page of IBD either last Friday or this past Monday, PRLX's chart was one of 26-28 that were touted as looking very, very, good. They were in the company of some very solid people. I think that has had more of an impact on the recent spate of buying than anything else.

Best Regards,

Steve
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