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Microcap & Penny Stocks : Microvision (MVIS) -- Ignore unavailable to you. Want to Upgrade?

To: mark calder who wrote (773)	12/15/1997 1:56:00 PM
From: Stephan Gregory Chase	Respond to of 7720

Mark, Thanks for the reply. The 13G is a notice of ownership. As I understand it the Premier Aggressive Growth fund has been a holder of some amount of shares since the IPO in August, 1996. I believe it was an amount greater than 5% but also less than 10%. So, apparently, Mellon has increased their stake in Microvision since that time. It is unclear as to when the bulk of these shares was acquired, since, as you point out, it doesn't appear likely that it was over the past few weeks. Stephan

To: mark calder who wrote (773)	12/16/1997 9:29:00 AM
From: David Rodella	Read Replies (1) \| Respond to of 7720

Dreyfus has owned MVIS in a couple of funds for about a yr now. They had reduced exposure early on this yr, selling about 1/2 their position in 1 fund. Aggressive growth had 140k shares as of September, unchanged from 4th qtr '96, when the position was established. Premier Aggressive Growth had 18,500. This fund established a 100k share position in 4th qtr of '96 and then sold all but 18.5k in 1st qtr '97. Both funds tend to hold for the long term but, unfortunately, both also have very poor performance records. Still, about 30% to 40% of their stock picks have been successful (if you define "successful" as relative strength currently above 50).