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Non-Tech : Speizman Industries (SPZN)
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To: Nutty Buddy who wrote (15)2/24/1998 10:00:00 AM
From: Christopher Brainard  Read Replies (1) of 21
 
Hi Buddy, Nice to finally have some company on this one. SPZN is a strange stock. Earnings are totally unpredictable. I made a lot of money on this stock many years ago when it ran from around $7 to over $20 in about 3 months. Got interested in it again about a year ago when the earnings again returned to the bottom line. Should have sold out when the stock ran up over $9, but I kept remembering the good old run of yester year.

I read yesterdays action as an accumulation day. If $6.625 was only a MM's bid and 50,000 shares were put on the market, the price would have fallen over one point. Early today the bid is up to $6.875 and the ask is $7. The stock is not very liquid, if no stock is being bid or offered, the price will change very quickly on any incoming orders. Most of the time it doesn't do very much.

I do like the potential on it though, own a bunch! Low PE, limited downside risk, lots of upside potential. Unlike QUST, the management of SPZN never attempt to support the stock. (Think they might be afraid someone might come along and buy them up at these cheap prices). Just waiting for the next pop to sell my shares at a decent profit.

Let me know what you think after doing your DD on this stock. Hope we get some news from QUST soon.

Good luck.

Chris ....
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