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To: Sergio H who wrote (2964)	7/22/1998 8:11:00 PM
From: Patric	Respond to of 3563

Wow! I haven't seen such wailing and gnashing of teeth since, well, a while ago. This stock has not been behaving the way most of us have expected since it slipped back below $4, so I guess we should not be surprised it didn't cooperate today. My guess is that a combination of factors was at work today. First, the earnings news came out on a day when "irrational exuberance" was not exactly the driving force, maybe thanks in part to Mr. G. More significantly, however, it looks to me as if some folks (mainly day-traders or at least quick-turnaround traders) expected a big surge of interest based on the earnings report, and when it failed to materialize early started to bail out over the course of the day. We apparently still don't have any big players at work (analysts or institutions), and until that happens the price of this stock is just not going to jump much, even on great news. IMHO. Of course there is always the possible that, with the day-traders out of the picture, sanity may return and the price may start to push back up toward the $4 range in the next few days. Hope springs eternal...! And what Mr. Murphy has to say in the previous post makes a lot of sense as well. By the way, if anyone cares, I'm not bailing out if it takes another quarter or more to get back to a new high, although if we move above $4 I may reduce my position a little.