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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Mel Viticus who wrote (6756)7/11/1998 5:38:00 PM
From: Sergio H  Read Replies (1) | Respond to of 29382
 
<Why is volume on ATPX so low? Is it THAT much of a surprise to the marketplace that no one has heard of pending news?>

Hi Mel. One of the reasons for the low vol. on ATPX is the low float, less than one million. The stock is also unknown, underfollowed and
misunderstood. The upcoming news is that they are going to begin trading on Nasdaq National in the next few days. I think that there is another news release along with that. It's not that no one has heard of the news, its that no one has heard of the stock.

I've been posting that ATPX offers a unique opportunity to get into a stock before the institutions get in. In the fall, there will be a private offering that will provide ATPX with an increased float, cash and institutional investors.

A lot of people will be buying ATPX at higher prices in the fall. This is not about a company that has a futuristic product with intangible sales. ATPX has long term contracts with some of the world's largest companies as well as the U.S. govt. In addition to the existing contracts, mostly in the defense industry, ATPX has been developing
commercial products for the automotive and oil industries....and there are lucrative contracts in place already for the development of these products.

Short term, we're going to see the Nasdaq listing, another news release, expected new DOD awards, additional analyst coverage- probably Furman Selz and continued earnings growth. Longer term we get to see this stock realizing its full value. Take a look at the earnings, the backlog, the projected earnings and see if you agree with me. I'm certain that the Amigos won't be the only ones talking about this stock in a few months.

Sergio