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Technology Stocks : Research Frontiers (REFR)
REFR 1.5600.0%10:35 AM EST

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To: N. Dixon who wrote (488)2/6/1998 6:22:00 PM
From: Paul M.  Read Replies (1) of 50104
 
N.D.
Okay, one cancellation means 30,000 shares toward the close. I took it as bullish because it was almost half the volume.

I dropped into the Yahoo thread on REFR and came to the conclusion there are two kinds of people in the world. Those who believe something can happen and those who don't. The negative poster came up with management borrowing 1.3 mill (or whatever it was) using their stock as collateral. Even if it's true, so what? I don't think the guy who posted that was ever in business.

Plus he ignores the fact that a working product does exist, was displayed in San Diego at a big show, has licensees ramping up for production, etc. I guess the market consists of believers, nonbelievers, and undecideds. When the paradigm is shifting, the nonbelievers and shorts fight tooth and nail to the end.

PM.
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