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 (192)	10/23/1997 12:23:00 AM
From: John Chapman	of 402

Schafe: I think the reason the stock has not moved much in the past few days is that the stock tried to take off in advance of the latest earnings release. See 10/6 to 10/9. Increased volume and the runnup to 1 1/8. It then met with overhead selling from those who bought in the past, were disappointed and glad to get their money back. I sensed the overhead by some negatives expressed on this thread by past shareholders. This is all a normal "changing of the guard" when a stock is turning around. The last couple of days there have been many trades at the ask and we are slowly creeping back up which tells me the overhead is disappearing and we could be ready to pop when other newbies to ALAN realize the potential here. It usually takes a few days for good earnings reports to "sink in" and estimates for next Q to be made so we shall see what happens.

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