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Microcap & Penny Stocks : LENP.T (LXPYF-OTC.BB) Best story ever?
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To: bob conklin who wrote (119)10/10/1996 4:30:00 PM
From: Dan Turner   of 619
 
In my opinion there's now very little downside risk. We last saw it drift down to about $1.65 (US). That was before they confirmed profitability. I suppose it's possible it might go down that far again, if we were to get a prolonged period of no announcements and slow reporting of earnings. From what I hear, it's likely that we will be getting some very positive announcements in the next month to month and a half. Depending on exactly what they announce, it might be enough to make the current prices the lowest we'll see from here on. I think that's a real enough possibility that I want to get all my near term buying done close to these levels.

I agree that there should be very little correlation between the behavior of Lenox stock and the rest of the market. Lenox is so small and at such an early stage that its stock will be mostly driven by its own developments, and those developments, at this stage, should be largely independent of the rest of the market. Given that recessions put the pressure on companies to reduce costs, a recession might even accelerate the acceptance of XYLOY in some markets. Also, 1997 is a big year for new environmental requirements going into effect.

FWIW.

-DT
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