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Technology Stocks : Proteon
PTON 7.515+1.0%12:18 PM EST

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To: Mickey Szilagyi who wrote (205)4/10/1997 9:58:00 PM
From: Jim Malone   of 512
 
I have had both good and bad experiences with broker recomendations. I think an individual investor has to do his or her own research but a good brokers recomendations can be very helpful.
I chose to invest in Proteon/OpenRoute on my own mainly on the fundamentals. I think there is a chance of success in their business strategy and a good chance to at least return to profitability and perhaps the five or six dollar level. If Proteon was trading at 3 or above right now I probably would not invest. If they show stability in the earnings release in a couple of weeks and the stock rises then 3 or 4 may be a good entry point. I imagine if the company does reach profitability and rises in price to the five or six dollar level later this year a broker like OLDE will jump in with a buy recomendation. Right now I see value if they keep cash in the $1.50 per share range and the stock continues to trade at this level.
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