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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?

To: TsioKawe who wrote (9656)	8/24/2000 9:59:00 AM
From: If only I'd held	Read Replies (2) \| Respond to of 24256

Tsio....step inside. PNJA is a fine company with very promising products. They are also valued at a very nice discount in comparison to their competitor ELON. Yes, I think the stock is a great deal at these prices. The way to get it is....there is a pre-IPO seller in the stock...which is what has caused the stock to drop to these levels. I think the rest of the market knows this and no one will give the guy a bid. That is why the stock is rated "accumulate". And the way to do it is...work the bid...as low as possible. As traders step up to hit that INCA seller, they will get discouraged from his selling....they will give up, and they will sell to you...cheaper. You need patience, but it works. Try it if you like the stock. The per-IPO seller is what I have been told...and it makes good sense. Why they are selling is beyond me, but the company is in good shape financially, and they have some good deals out there. They are in pretty good w/MSFT and INTC as well. This guy has been selling for quite a while, but the volume has been less than stellar. But I have to think he can't be much longer...and when he is done, I suspect the stock will rally hard and fast. Good luck if you decide to venture in.