Nanophase Technologies (NANX) Message Board

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Technology Stocks : Nanophase Technologies (NANX)

NANX 1.733

-1.0%

Apr 7 5:00 PM EST

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To: LPasko who wrote (7)	12/27/1997 2:18:00 PM
From: larry	Read Replies (1) of 322

LP, Thanks for your response. Basically I am just trying to point out several facts. 1) The underwriters for IPO probably never say negative words to a new offer. In most cases, they give either a buy or strong buy rating with it. 2) NANX has already reached its 12-18 month target price. 3) Just as briefing pointed out, last Friday's run happened immediately after CNBC picked up the company (CNBC needed sth to talk about anyway)and they believe besides buyere, there were just a huge number of short covering trying to close the position. We have all seen the CNBC-effect in the past and name a few that did not go to the bubble. However, NANX might turn out to be a very nice company and may very well worth investing. My view was that froma technical point of view, if NANX failed to reach new high on Monday, it will be a good short play for some good gains within, sevearl days. good luck, larry

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