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Technology Stocks : Research Frontiers (REFR)
REFR 1.600-8.5%Nov 6 3:59 PM EST
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To: mrc who wrote (165)10/13/1997 10:46:00 PM
From: N. Dixon   of 50068
 
Rosalie,

Short-term chart looks like it could go either way right here but I believe the story is very compelling and that if there were not shorts keeping the price down it would be selling 2 to 3 points higher. From a purely technical standpoint if it breaks 11-1/2 on strong volume---it's a goner so you may want to be sure that you are "on the bus" before it takes off. You could also only buy half now and if it drifts lower pick up some more. Long term though, you want to be in this stock.

I have seen their licensees' products an am very impressed by the many industries that could use this technology. I asked a friend who attend the glass show in San Diego to check out the REFR booth and he said that the line to get in was by far the longest in the exhibit hall. He said people were "astounded" by the size of the prototypes that Hankuk had on display. Apparently what REFR has done is quite a breakthrough in the industry.

I have been buying this stock for 4 years and paid much higher and much lower than the current asking price. I decided I wanted to own 10,000 shares and I have met my goal. Actually, after the glass show I bought another 5,000 because I feel REFR is very close to seeing a licensee sell the product. I am also happy that they have a lot of "irons in the fire" and the upside potential could be bigger than any of us ever imagined.

Good luck,
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