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Gold/Mining/Energy : Altair Nanotechnologies -- Ignore unavailable to you. Want to Upgrade?

To: Sam Quentin who wrote (536)	11/15/1998 11:17:00 AM
From: Rajiv	Read Replies (1) \| Respond to of 603

This stock IMHO is getting ready to explode. Hope you are not short. TA on a thinly traded (and possibly manipulated) stock like ALTIF is meaningless. The average daily volume over the last 30 days has been less than 50k shares. If you factor in the way Nasdaq double-counts the shares, this volume indicates very little interest in the stock. Just few retail investors getting in/out of ALTIF. Regards. Rajiv

To: Sam Quentin who wrote (536)	11/15/1998 11:22:00 AM
From: John S. Baker	Respond to of 603

Interesting site and appears to be very useful for providing a quick insight into some of a stock's TA indicators. I'm not sure exactly how they interpret their future predictions ... nor how far out along the time line they are intended to predict... but I do not see any strong hints of near-term (week or so) strength. I merely brought up the subject of the buying at 7 1/2 as a matter of interest. Your mileage may vary. JSb.

To: Sam Quentin who wrote (536)	11/15/1998 6:47:00 PM
From: Tai Jin	Respond to of 603

I looked at the indicators at equitytrader and they don't mean anything to me. The stock is basically trading flat on low volume - in this situation the indicators are basically meaningless. Such a stock is more likely to be driven by news, and so far news releases have been met with selling. According to Baseline, there is no institutional ownership, but Prudential started covering the stock in early September and they may be the ones supporting the stock at 7 1/2 (which is where the stock was the day before they initiated coverage). I would suggest that unless there is more interest in this stock from retail investors that Prudential will drop the stock. And if they do then there won't be any support at 7 1/2. Then you're right, the stock will explode and there won't be anything left. ...tai

To: Sam Quentin who wrote (536)	11/20/1998 2:02:00 AM
From: Kailash	Respond to of 603

Congratulations for seeing technical evidence for an explosion in a stock that has traded flat on low volume for a month - could you be a bit more precise? While we ponder the technicals, have a look at the fundamentals too - sec.yahoo.com has tidbits like this one: "The Company has earned no revenues and has incurred recurring losses. At December 31, 1997 the Company's accumulated deficit was $6,303,879. The deficit increased by $1,947,132 to $8,251,011 during the first nine months of 1998, due primarily to the net loss for the period of $1,534,714 and $412,418 in costs associated with the issuance and conversion of the Convertible Debentures. Between May and July 1998, holders of the Convertible Debentures elected to convert $2,750,000 principal amount of the Convertible Debentures and accrued interest. On August 28, 1998, the Company used $2,550,938 of the proceeds from the initial issuance of the Convertible Debentures to redeem the remaining $2,250,000 principal amount (plus interest) of the Convertible Debentures. Although this redemption resulted in a substantial decrease in the Company's working capital, the Company believes that, because of the apparent downward pressure the existence of the Convertible Debentures was placing on the price of the Common Shares, the Company's long-term ability to raise money for working and expansion capital was enhanced by the redemption of the Convertible Debentures."