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 (185)	10/13/1997 7:09:00 PM
From: John Chapman	of 402

Schafe: I understand how you feel. Been there done that a few times. The insider buying by Carpenter in June, July, and August for a total of 44,000 shares seems to be a good sign. The risk/ reward ratio seemed to be good so I bought in. Got some more this morning. IMHO, the downside could be 7/8, but the upside could be the old high of 5 something or even 10 as I noticed in some of the early posts on this thread. This is a good ratio IMHO. Either of their products could bust out resulting in significant earnings. And it seems that all the bad news concerning management and all that kind of stuff is now behind them. Anyway, for what is worth, that is the rationale behind my buy.

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