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Technology Stocks : PRMO - Premenos

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To: jeff conn who wrote (218)8/1/1997 9:50:00 PM
From: Mike Redding   of 240
 
Jeff-
Up again today in a very jittery market. I still contend this stock
will make everyone happy who bought below 9, and for those lucky souls, who back in March (just 5 months ago) bought at 6 have already more than doubled their money. I further suspect this company is being watched, probably a Bank has their eye on this for what it can bring to the "brokerage" party when banks recognize the huge amount of financial resources being directed to mutual funds when they could, as a result of parts of technology expertise PRMO could bring to their party, take advantage of their "one stop shopping" strategy. It seems like these days, more and more often, the thinking is why buy the milk when I can own the cow and buy more more cows (and Bulls) with the money made from the milk. Premenos is a takeover target and may hit 30-40 sooner than we think. IMO
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