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Technology Stocks : Nanophase Technologies (NANX) -- Ignore unavailable to you. Want to Upgrade?

To: Roy F who wrote (214)	8/4/1998 2:34:00 PM
From: Sid Turtlman	Read Replies (1) \| Respond to of 322

Roy: I had a GTC buy order in at $3 1/4, so am now a proud owner of an initial position. Maybe this Harris & Harris Group news is what knocked it down today, or maybe it is just the terrible small cap market. Actually, the news strikes me as positive. I am glad that there is a big shareholder putting pressure on management to perform. The fact that NANX has about $2.48 per share in cash and, despite virtually non-existent sales, is losing only very modest amounts of money, makes me think that there isn't a lot of risk buying it around here. I may leave another GTC order in below $3 in case it goes lower. I'm (as always, it seems) generally bearish on the market, but I don't mind buying stocks at tiny premiums over their net cash. I think of it as a heads you win, maybe big, tails you break even or lose a little bit, kind of bet. Sure, you will get lots of tails, but the heads should pay for everything.