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: Mama Bear who wrote (35)	12/29/1997 12:03:00 PM
From: Lazlo Pierce	of 322

From Briefing.com <<10:25 ET **** NANOPHASE TECHNOLOGIES CORP (NANX) 12 7/8 -1 1/4. Some of the air is being let out of NANX shares following Friday's 51% pop on little more than an acknowledgment by CNBC as a recent IPO with interesting products. Since our less than enthusiastic story on Friday, the shares have fallen 13.4% or 2 points. So far, however, volume has been fairly weak at 275,000 versus the more than 1.1 million shares traded Friday. In spite of the sharp decline experienced this morning, the stock is holding up surprisingly well. We would have expected more selling by subscribers of the company's $8 per share November 26 initial public offering. Too bad for them. Would expect this issue to continue its retreat over the next several sessions to the $11.50-$12.00 level, that is, if the shorts don't get fidgety and start covering and if the IPO managers don't start pumping the shares with reiterations. Over the next 3-4 weeks, we would anticipate the shares stumbling back to the $11 mark.>> *********8 Dave

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