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Microcap & Penny Stocks : APPAREL TECHNOLOGIES, INC. (APTX-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: Trumptown who wrote (80)	5/27/1998 1:11:00 PM
From: Rande Is	Read Replies (1) \| Respond to of 517

Many have asked what is going on with APTX. Discussion follows: Lots of buys, but price barely moved, then when buying slowed, MMs forced price down. This is on good news and rumored 3M buyout. Today's activity shows buying at 9/32 is strong. I feel that one of 2 things may be happening. Either a brokerage house has instructed MMs to get them in near .25 so they can buy shares cheap before runup or 3M really is buying, but does not want to pay more than it has to. The idea that this is an extended shakedown for shares or that MMs are caught short is unlikely, due to length of time passed. Today's retaliation by First Fidelity Capital was for the nose snubbing it received by APTX for not handing over the money in the last of several loans. Apparel Technologies also accused First Fidelity of conflict of interest [with other apparel companies], leak of confidential information and breach of contract. Last night, First Fidelity put out a press release stating they were now going to "specialize" in apparel manufacturer loans. Yet this morning they denied any wrongdoing against APTX. They call themselves a "boutique-investment banking firm with offices in Beverly Hills and London." APTX secured a 2 mil loan elsewhere. Yesterday's APTX news release stated that the new design centers were a financial success. The CEO stated, "Our revenues for March and April 1998 exceeded the Company's revenues for the prior six months ended February 28, 1998, as a result of the commencement of digital production activity in March." Apparel Technologies has set-up design centers in Europe, LA and NY, where garment makers can bring in art [on disk] to be instantly digitally printed for review. These are what the CEO is referring to being successful. 1/4 has historically been the solid floor for APTX. In light of dramatically increased volume and news, the stock should be rising. It was stated [by someone] that MM manipulation was verified. MMs don't act like this without good reason. Could they be anticipating a runup on impending news or on buyout? It is possible, but I have no information on this. They are working with 3M in developing a digital fabric printer to be used in printing garments, such as T-shirts, fabric, baby-clothes, signs, etc. This is revolutionary. For many decades signs, fabric, T-shirts, etc. have been printed using the silk-screen process. This method is more a craft than a science and is labor intensive. Samples of the garment are very expensive and take a long time to produce. The digital printer, designed by APTX with the help of 3M will change all that. Ink would be shot onto garment in a fashion similar to the ink-jet printers. Color separation would be within the computer and would not require separate screens to be made from expensive separations, as is currently done. APTX has already agreed to sell printers to some of the largest producers of T-shirts. To my knowledge, no other company is working to produce such a printer. Any idea how many T-shirts are printed in a given day? One good sized screenprinting company may produce a hundred thousand to a million shirts in a single day. It is not uncommon to utilize 10 or more presses at a time and 200 employees. The savings to a typical garment maker by using the APTX printer would be significant. Think of how many T-shirts you see in the shopping malls, sports shops, colleges, events [Olympics], tourist areas, etc, etc, Don't forget that piece good fabric is also printed before being made into a garment. That is how they get Barney's image on the baby clothes. Rande Is ~~NOTE: These are my opinions and nothing herein constitutes a recommendation to buy or sell any stock. Consult your broker and it is never a good idea to buy penny stocks as an investment. They are very risky. I am a private investor and currently hold a small long position in APTX.