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Non-Tech : Speizman Industries (SPZN)

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To: Christopher Brainard who wrote (6)10/2/1997 12:17:00 PM
From: Christopher Brainard   of 21
 
Market update: Stock has settled into the $8.50 range with neither buying or selling pressure to move it much either way. Unless some bad news hits the stock, the direct of least resistance should be up. Folks who wanted to cash in short term profits have most likely already done so. As fortunes of the company's on going progress leaks out new buyers will come into the market or existing shareholders will add to their positions. Next item of interest should be the company's filing with the SEC of their annual 10-K. Here we should get some commentary regarding future prospects.

Holding on to long position and waiting for opportunity to add to holdings.

Good luck to all.

Chris ....
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