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Microcap & Penny Stocks : APA optics...APAT...very interesting..any thoughts....... -- Ignore unavailable to you. Want to Upgrade?

To: golfinggramps who wrote (315)	3/19/1998 11:08:00 PM
From: Duane L. Olson	Respond to of 342

Jim, Well, the scene has changed quite a bit in the last month, IMHO .. While the industry was running with 16-channel WDM as the standard, APAT was a highly attractive prospect with their forthcoming 16-channel box. Now LU/CGW are on the scene with the 80-channel system, changing the picture considerably...look what the news did to CIEN.. IT MAY WELL be that APAT's (up to) 16-channel box will be highly attractive and they may well sell all they can make. But apparently some of the folks aren't hanging around to find out. Right now, I think the selling is occurring because others are selling... Have seen similar before. I'll be waiting until the smoke clears..get some factual info from the company, and see if I want to pick up a few more shares.. The emotional nature of the selling indicates we can play a rebound when it gets overdone. Fortunately I became enamored of a couple other hot stocks about the time I was going to take a bigger stake in APAT, so I'm in a good position....Hope this isn't going to cause serious damage to the Nelson fortune... Duane

To: golfinggramps who wrote (315)	3/26/1998 2:16:00 PM
From: Duane L. Olson	Respond to of 342

Jim, Just doing a little more checking on APAT... Actually, the picture looks at least as good as it always did, to my perceptions. Had there not been that Corning/LU announcement which affected CIEN, I suspect investors would have tolerated the transition (from Gov contracts to production) very well. But the prospect of getting lost in the technology rush ( which apparently is not true) appears to have hurt all related companies. Then, the quarterly SEC posting (during the transition) which reads, in part "The Company anticipates a further decline in revenues for the fourth quarter of fiscal 1998, and losses will accelerate with the decrease in revenues. The Company currently has eight full-time employees working at the Aberdeen facility. As yet there has been no production and no sales generated from Aberdeen." That could be a little discouraging, even though it doesn't spell out the full story.. I was considering an entry, but now believe I have another quarter to add to my position. DLO