Parlex (PRLX) Record Revenues Again! Message Board

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Technology Stocks : Parlex (PRLX) Record Revenues Again!

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To: Stephen J. Eisenreich who wrote ()	1/29/1997 5:34:00 PM
From: Andrew G.	of 15

Stephen: I wondered how you know of this company and what your thoughts are for it's continued growth and stock valuation. Can you name the automotive company that they signed a deal with, and how much is it worth? I found this quote in the 1/26 PR Newswire Investor's Feature Syndicate: As always, the most aggressive investors strive to beat the crowd and buy as far ahead as they can. But last week's fireworks were ignited by another factor: almost all of the companies have very few shares in public hands so a stack of buy orders will make the price explode. Example: Parlex has only 2,372,000 shares out and management owns 38%. Buy orders from only a couple of small funds could have produced its one-day ten-point skyrocket. Dfa US 9-10 might have done it alone. We mentioned Parlex to one portfolio manager who was at first angry that he didn't own it and then realized that it was too small for his fund to buy. A 50,000 share block of a stock like Parlex would impact the net asset value of a $10 milion fund, but wouldn't make a ripple in a $1 billion fund. Adding fuel to the fire many brokerage houses upgraded their opinions of lots of these stocks from "neutral" to "buy."

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