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Technology Stocks : ADSP - Ariel
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To: John Curtis who wrote (1146)2/26/1998 10:35:00 AM
From: Tradegod  Read Replies (3) of 2263
 
I'd be real careful with this one. Here's what I found out.

Hit my news wire under Dell yesterday afternoon, and I bought a couple of thousand shares for a trade. Kept it overnight and did a little research. Two analysists were quoted hyping the stock: Richard Sherman from Penn. Merchant Group and Anthony Stoss of GKN Securities. And GUESS WHAT, One firm did their IPO, and the other did their Secondary offering. Stoss is the only analyist that currently has earnings estimates and ratings on the stock, and he has repeatedly revised his estimates downward over the last year. Needless to say I expected to get pinched this morning but to my surprise the "herd" came through. I thought of letting them run it up a little. It showed pre-opening of 9 3/4 bid. But then a seller came in at 9 5/8. and you guessed it GKN Securites. I bailed at 9 1/2 and feel pretty lucky.
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