ATPX: Lunn Industries and Technical Products Group merge. Message Board

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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge.

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To: NW_Trader who wrote (1738)	8/11/1998 11:39:00 PM
From: Amigo Mike	Read Replies (1) of 1923

I think most people are afraid to invest in individual stocks right now. Just too much nervousness. In the end ..... market sentiment is usually a contrarian indicator. The crowd is usually wrong. ATPX is still generally an unknown company. Recognition from a large broker will help. Some newsletter writeups would also be of help. The current PE is 10. For a company expected to grow at 50% .... that is very low. A PE of 15-18 minimum would be more fair at this time. But ..... the unknown factor ..... one main MM in the stock (volume actually DECREASING) are causing problems. Hell ..... Nasdaq even lists Waterhouse as an nonregistered MM in ATPX. I bet myself and another Amigo have all the shares listed for the last two months !!! We need steady buying activity. I'd bet that if 50 investors wanted to purchase a mere 1000 shares on any given day .... that this stock would go up 3 points. But ...... are 50 people willing to invest now ????? Amigo Mike

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