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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Elmer who wrote (24369)6/18/1998 9:45:00 PM
From: Elmer  Read Replies (1) of 95453
 
Papaya I also would bet it will get hit fairly hard, the only thing that may lighten the blow a little could be that Raymond James (lead underwriter on the IPO) lowered their estimate on NSS a couple of weeks ago to $.10. Salomon has been at $.29 since the end of the last quarter and obviously is way out of touch with reality on this stock and therefore ends up overstating the concensus estimates. Also, the stock did get hit pretty hard the day of and the day after Raymond James reduced numbers. Pretty soon this stock is going to be trading at net working capital per share.
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