SIRN - Sirena Apparel Group: Undervalued But Moving Up Message Board

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Non-Tech : SIRN - Sirena Apparel Group: Undervalued But Moving Up

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To: Steve Hufnagle who wrote (123)	3/27/1999 11:36:00 AM
From: James Wright	Read Replies (1) of 161

Yes, I noticed. American Industries Inc. has been a heavy buyer. It picked up another 100,000 shares in early March, and currently owns over 1.6 million shares. One of SIRN's directors also has been buying. The recent insider buying is one of the reasons I've been adding to my SIRN holdings. Plus SIRN's new online store will launch on April 1st, in conjunction with Yahoo. Even without the new web presence, however, SIRN still has great fundamentals. However, I've been saying that for nearly a year, and I just wish the price would begin to reflect the underlying numbers. I know there is a lot of hype on the Internet about stocks that can quickly double or triple, but SIRN truly has that potential based on current numbers, rather than wishful thinking. Hopefully, the web site will be the catalyst that finally breaks SIRN out of the extended base it has established over the last year in the 5 to 7 range. -- Jim

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