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Microcap & Penny Stocks : ALLIED RESEARCH- ALR ... WATCH FOR A BIG MOVE!!! -- Ignore unavailable to you. Want to Upgrade?

To: gregory a weaver who wrote (159)12/24/1997 11:17:00 AM
From: gregory a weaver  Read Replies (1) | Respond to of 227
 
Did everyone sell out or just too busy last minute Christmas shopping? I bought a bit of ALR yesterday, couldn't resist at these levels (<$11). I hope I'm not catching a knife, but I can't imagine the P/E going below 5.

I haven't figured out where the stock is coming from. Fidelity Low-priced Stock fund had been adding stock as of 9/30 and now has 9.99% of the outstanding shares. So it's good news they were buying, but I doubt they'll buy more since going over 10% is a legal hassel for a mutual fund I believe. Maybe this is why the stock is weak.

Greg



To: gregory a weaver who wrote (159)12/26/1997 9:07:00 PM
From: Chris  Respond to of 227
 
Greg, I am still with ALR, although not checking every day.
Wander why it went to $11 again. Posibly profit taking and doughts that it will surpass last year's nice profit.
As you say, PE is record low. Would be strange to get lower.
All the best in the Holidays!


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