ALANCO ENVIRONMENTAL: ALAN Message Board

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Microcap & Penny Stocks : ALANCO ENVIRONMENTAL: ALAN

ALAN 0.00

Mar 8 4:00 PM EST

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To: Schafe who wrote (155)	8/7/1997 11:41:00 AM
From: Joe Bourg	of 402

Schafe: I too found the conversation with "Bobby" very insightful. This is more of a speculative play than i first thought, but a turnaround is a real possibility with some of the actions in motion from Harbinger. One theory I received for the recent price drop is that a certain broker in DesMoines Iowa (where most of the board is from) really pushed Alanco on his clients. He also pushed a company called Solvex which tanked from 20 to 4 and has had trading halted. As the alanco stock dropped, many shareholders who had margined it got called. Since they could not sell their Solvex shares they had to sell Alanco to cover. Thus possibly creating a death spiral effect on the stock. I would think that with alanco hitting new lows (and the fact that you cant margin a stock under $5, that this effect is over. I know its risky, but I averaged down yesterday, getting my average cost to about $0.96. I am still hopeful with this stock.

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