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To: Mr.D who wrote (2356)4/3/1998 10:54:00 AM
From: S. Edry  Respond to of 7703
 
Here is perhaps something to hang any nervous hats on:

Assuming Mr Chin is serious about the Nasdaq listing (and for the moment I believe that -- esp. since he stuck his neck out with the press release) it is in his best interest to keep this stock above $4 today.

Given that, I would expect to see some news, as Byron puts it "VERY SOON", to help boost the price.

We'll see,

Sandy

P.S. Of course the counterargument is that we still have plenty of time in April to make three consecutive days of $4+ so it wouldn't be that big a deal if we dropped below the threshhold today. Either way, I am holding on to my measly 2000 shares. My .02.



To: Mr.D who wrote (2356)4/3/1998 11:01:00 AM
From: S. Edry  Read Replies (4) | Respond to of 7703
 
one more point and one question for the assembled:

The volume is real low so far today. To me this indicates that we have moved off most people's rader screens for the moment. I don't see that as a bad thing. So for now, most people appear to be holding; a few people are selling small portions (to lock in profits or because they are nervous - either way it's no big deal). As soon as we get another announcement/news we will pop back up on the radar. My prediction is that we'll end the day around $3.5 (assuming there is no news) or $4.5 (if there is news). It's still much better than the $2 I paid only three days ago :-).

Ok, and here's the question:

Can anyone estimate how much of the float is held by SI readers? We seem to have several big stakes (not mine.. lol) and all together we must hold at least a significant percentage of the float. Anyone care to try and figure it out?

I'll start: 2000 shares