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Microcap & Penny Stocks : Airstar Technologies, Inc. (ASTG)

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To: David Goldstein who wrote (80)8/21/1996 3:59:00 PM
From: baystock   of 3967
 
Hi Dave,

I guess I am thinking of the period of May-June when the stock went from $2 to $3. There were 3 days of volume over 350,000 each day and 2 days over 500,000. I have a large position in Xecom and unfortunately I did most of my buying around $2 1/4 - $2 1/2 , including some at $3. Since there was no news at that time I have assumed (maybe mistakenly ?) that it was because of the radio station.
What ever the reason it is frustrating. Also now even though I still view very positively the company's business prospects, it has lowered my respect for the people currently running the company. I think that it more than coincidental that after Jim Truher has left and that Lanza is now more in control behind the scene that we see this price plunge.


Ram
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