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Technology Stocks : Irvine Sensors

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To: greenspirit who wrote (395)1/10/1998 8:35:00 AM
From: Paul Shield  Read Replies (1) of 1673
 
I don't see anything puzzling in the stock. It has been dirt cheap because people thought it would go belly up despite the terrific technical/engineering side of the company. An exec comes in who may actually be good and the prospects are that they will actually get into the black. That alone will justify a price of over 2, without any major deals. Throw in the possibility of the company finally doing something right and maybe getting a good deal if not a major deal and you are looking at a major increase in the stock price. As it is, with no more chance of bankrupcy, the floor seems to be $1 so there has been no downside risk. I've loaded up and can wait patiently.
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