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Technology Stocks : Nanophase Technologies (NANX)
NANX 1.733-1.0%Apr 7 5:00 PM EST

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To: Obewon who wrote (126)3/25/1998 10:13:00 PM
From: Stefan Gruenwald  Read Replies (1) of 322
 
Twice its average daily volume today. Bought back in slightly over $5 1/2 which I consider a good buy. Little downside from here and lots of upside potential. One analyst just slightly adjusted this years earnings downwards (on ZACKS). That might have been the reason for todays slight drop. Came a little back at the end. I am not too worried. What we need is some higher volume and new buyers. Nanophase material will revolutionize many industries next century. Have no idea how good NANX position is in this industry. Their web site looks promising. They don't seem to have many positions open right now, indicating that they are not in a rapid growth phase currently. Probably a lot of their business depends on the Asian market which is down right now. Still, I feel NANX is an excellent buy at these levels.

Just my 2 cents.

Stefan
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