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To: George Young who wrote (637)3/27/1998 5:05:00 AM
From: Michael Sphar  Respond to of 665
 
I'm with you George. You can lose a buck a share right now. That's the bottom downside. The upside ? I don't know, but when things turn and run they eventually run to excess. I'd rather sell when its excessive, than at options pricing. And a corner, the big one, seems to have been turned already. Also the chart shows a series of successive tighter declining "coils" as some call em. I've seen stocks spring from such formations, and over extended time rise to "excessive" valuation. So I see it as a buy and hold, non-time limited call option with a fixed downside risk. Easy to hold, hate to unload.



To: George Young who wrote (637)3/27/1998 3:06:00 PM
From: Jay Morrison  Read Replies (1) | Respond to of 665
 
George,
The only problem with anything you wrote is that all of your info is from IR. We all know that 99% of their info is unreliable. Why should we start believing anything they say now?

That is the primary problem this company has. It is a credibility problem with investors. Nobody believes any of their projections and thus the stock price is stuck in the basement.



To: George Young who wrote (637)3/29/1998 4:10:00 PM
From: John Morelli  Read Replies (1) | Respond to of 665
 
James Leto, Chaiman, now owns 40,744 shares:
(recently bought 9,677 at $0.97 on Feb. 11th & 4,800 at $1.56 Nov. 17th 1997).

Brian Hajost, VP, now owns 9,668 shares:
(bought 3,000 in Dec. & Feb and 3,000 in October)

Jorge Forgues, Officer, now owns 7,501 shares:
(bought 4,130 shares in February)

Information retrieved from Dow Jones News/Retrieval.

Reasonably positive insider action but my earlier comment still stands. These people don't own enough stock.