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Microcap & Penny Stocks : NAI Technology--NATL

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To: Chas who wrote (16)3/24/1997 6:40:00 PM
From: Loren D   of 29
 
I bought in January @ 4 7/8 and even following a February 11th positive report on 1996 year end financials, the stock has gone nowhere. The numbers were good with a 14% increase in revenues to $68.2 million and a $2.4 million net profit for year '96 compared to a net loss of ($11.6 million) for the year '95. The problem as I see it is that there is not enough of an institutional following, low trading volume and not enough consistent profitability. The first quarter of '97's fiscal year ends this month. I am going to wait one more reporting period and then decide. If things stay as they are I plan on dumping the stock sometime soon after the 1st quarter report date.
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