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Microcap & Penny Stocks : APPAREL TECHNOLOGIES, INC. (APTX-NASDAQ)

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To: Mark Savino who wrote (7)1/10/1997 2:21:00 PM
From: David Meharg   of 517
 
Over six months have passed and the merger is still pending with Superior. Just jackets has become part of ACSI. I talked with the company on 1/10 and they said that earnings would be released next week. A deficit is expected of course because they've discontinued most of their old operations(theater involvement ended in May).
A run up may be possible when the Superior deal is finalized. On a technical basis, the stock seems firmly bottomed at $1.00. The volume is increasing and the shares are being accumulated. Watch this one, I wouldn't buy until it clears 1.18, but it has potential for a nice trade.

David in SC
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