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Technology Stocks : Proteon
PTON 6.730-5.5%Nov 6 3:59 PM EST
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To: Daveyk who wrote (408)12/10/1997 5:28:00 PM
From: mentz  Read Replies (1) of 512
 
Dear Dave and others who watch Pton, there was two good news releases this week (thanks for posting them dave). Volume may have picked up due to that and the fact that many investors probably are taking their losses (it is that time of the year)...as a result the price of the stock dropped a little. Nonetheless, I was one of the buyers today...I was going to buy in at 1.43, but I thought that the news release might push it to higher ground (1.53 was my buying price). Anyway, the news release today is the one that I was most impressed with and that is why I bought. Though revenues have consistantly shrunk the past five years, the Dragon is a marketable product that should help in that area. Depending on who you talk to, the stock is trading at either slightly below or slightly above it's book value. Their technology is good and Openroute seems to be headed in the right direction. I like what I have heard about Jack Ritter. I am anxious to see what the rest of December will bring us...maybe one more dip in the price and I may be tempted to buy a little more. My broker seems to think it is a good idea to wait this one out and I agree. Anyway, I will post here and there when I hear something. I just wanted to keep the thread going. Dave, I was wondering what your interest is in the company.

Take CARE,

The Mentz
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