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Microcap & Penny Stocks : ALLIED RESEARCH- ALR ... WATCH FOR A BIG MOVE!!!
ALR 50.990.0%Oct 19 5:00 PM EST

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To: gregory a weaver who wrote (160)2/3/1998 9:52:00 PM
From: gregory a weaver  Read Replies (1) of 227
 
Today's action was ugly. On very little volume as well. So much for the support at $11. The stock is getting very close to violating a multi-year uptrend. I was tempted to sell first thing this morning, but resisted this purely technical urge. The fundamentals (at least trailing) are just too good.

The question is, how much of a negative comparision is factored into the current price? Does anyone care to share their expectations for Q4? At least we can get a yardstick since there are no published estimates for Q4 that I am aware of. Management's pre-release stating that 1997 results would exceed '96 wasn't very enlightening since we have already done that in the first 9 mos. Doesn't sound like a blow out Q4 with remarks like that, but then again, remember this is ALR.

At the current shareprice I'd be happy if they did $0.50. I highly doubt they'll beat last year's number. If they do this baby will fly.

Greg
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