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Technology Stocks : Proteon
PTON 7.460-0.1%3:59 PM EST

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To: timemizer who wrote (74)11/18/1996 6:49:00 PM
From: Webb B Blackman Jr   of 512
 
You
have to ask yourself, "Who's buying the stock". On 10/24 the
Q3 losses were reported. The answer seems to be insiders. I
think something is in the works. I have made money on the
stock over the pass two years by buying and selling daily. I
bought in heavily at 2 1/8 and haven't sold yet. I'm look
for the big one and I think it's around the corner...

For some reason, I have always thought that "insider" trading will illegal. I hope that your thoughts about something in the works turns out to be true. I saw that the stock was up again today. I might try to watch the movement of the stock for various days of the week. Maybe I should forget about it as an investment and just try to day trade the stock.

The quarterly report from the company was in the mail today. It is hard to see how Mr Capone can keep a stright face when saying what a high market share his company has and at the same time say that sales are dropping and earning are doing the same. Maybe he will reach 100% market share before going out of business. It is interesting to note that he allowed sales expenses to be higher for 10.6M in sales than for 16.4M Maybe it is time to fire some of the sales group unless they get their act together. The same thought goes for those covered in General and Administrative. Expenses up 19% and sales down 36% . And inventories up over 100%. True strength in management.
--- webb blackman ---
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