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Non-Tech : ISTN Interstate National Dealers -- Ignore unavailable to you. Want to Upgrade?


To: Ron B who wrote (61)1/22/1998 12:07:00 AM
From: Dwane Houghtaling  Read Replies (1) | Respond to of 104
 
Ron. That's been the story with ISTN for some time. So what's it take to get some visibility so it'll grow? I got in last November and have watched it trade in a fairly narrow band until this latest dive. I guess I'm just a bit frustrated with the company -- they just don't seem to be selling themselves.

Dwane



To: Ron B who wrote (61)1/22/1998 10:20:00 PM
From: Julio P. Antelo  Respond to of 104
 
Ron, good point. Totally agree.

I knew ISTN had a "cash stash" but didn't realize that it was that large. The fundamentals on the company continue to look good.

But as we both know, in determining a stock's price more than the technicals and far more important than the company's fundamentals is a little thing called "investor sentiment". And given the type and volume of trading activity, it appears as if nobody wants the stock. For instance, in the 22 trading sessions in December a total of 602,900 shrs traded or about 27,400/day. That belies the fact that trading activity is very erratic with volume one day of 40,000 shrs, but only 7,100 the next! Given the small float (what is it, 3.5 or 4 mill shrs?), if investor sentiment ever changes, the stock could easily see WTEC-type valuations. Here's hoping.