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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge.
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To: Ken W who wrote (1439)3/17/1998 7:04:00 PM
From: Sergio H  Read Replies (2) of 1923
 
Thanks to all for responding to roll call. I think that we've got a good one, but I want to be clear. This stock is not going to go through the roof in the next week or two. Sure, the Nasdaq listing and the 10k will provide some attention to this stock, but not too much. The little guys will be buying, not the institutions. We have a chance to buy some more shares or just hold our shares until the institutions are aware of this stock.

Gruntal bought 56,000 shares in Dec. (reported in Dec.) establishing a position. Allen and Co. owns a large chunk of shares. Banker's Trust, NY also bought a small amount of shares recently to open a position. There are some institutions already aware of this stock. Serious efforts to attract institutional buyers begin next month. Anyone that has spoken to Harvey at Focus Partners or to Company officials understands the situation and the potential here. There is one analyst already offering coverage and more to come. This is not a quick trade vehicle but a value investment.

Thanks again to everyone that responded to my request to be counted. This is a small float stock as you're all aware. If we hold our shares, the price will go up. Someone sold 100 shares at 14 3/16 to set today's closing price, but most of the activity were purchases today. I do believe that those that remain patient will be rewarded.

Last year, a few of the same people that are currently holding ATPX were in a similar situation with IFCI. IFCI was at 1 1/2 in March of last year and started climbing in May. We hit 8 in Oct.

Sergio
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