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Microcap & Penny Stocks : ADMG Advanced Materials Group
ADMG 0.02700.0%Dec 26 9:30 AM EST

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To: T DELLER who wrote (213)7/23/1998 4:51:00 PM
From: Dave B  Read Replies (1) of 217
 
T Deller, the probable reason for this is the weak results/outlook from Hewlett Packard late Tuesday. They are a major customer of ADMG.
I don't know details...hopefully it won't relate to another product discontinuation...this may be the concern.
I'll try to call the company to find out something.
I'm not too concerned...the fundamentals remain strong and outlook for 99 is strong. I'm in the process of freeing up some cash to buy more.
I was hoping for a bounce off the low yesterday, but it didn't come today. $2 seems too cheap for this stock, we'll see.
db
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