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Non-Tech : GNRL -- Ignore unavailable to you. Want to Upgrade?

To: william r. hargis who wrote (46)	4/6/1998 8:19:00 PM
From: Jay Hartzok	Read Replies (1) \| Respond to of 107

Bill, The trading on this stock has got me completely befuddled. The valuation is totally absurd {which is a term that I usually use for stocks that a extremely overpriced}. I don't understand how this stock can trade at a PE of 8, or where the shares are coming from that are being traded at these prices. Maybe it's the same shares being churned over & over again. I'm just going to wait it out and see what happens. I thought of another possible scenario today. If these traders keep maneuvering the price lower, they could get it to the point where computerized sell programs are triggered. With no buyers, the stock could really take a tumble in this set of circumstances. Hopefully this won't happen and we will get some news soon that will move the stock higher. One nice thing about this pullback is that in was done on such low volume that there won't be much overhead resistance in getting back to 15. If you are ever looking for another stock with a low PE, check out NTAIF. Trading at 15 with a PE of 4.5. I have no position in this one at the present time. Looks like you and I are the only two people left on the thread. I would think that there would have to be other SI members who are holding this stock. Don't know why they don't make their presence known. As another SI friend of mine would say in a situation like this: "Onward" Jay