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To: jopawa who wrote (13970)1/21/1999 12:23:00 PM
From: MulhollandDrive  Read Replies (1) | Respond to of 93625
 
John,

>>The reality is,
we have a speculative stock that is hard to hold when Edelstone, Tate
seem intent on squashing it.<<

Now that's an interesting dilemma isn't it? What does it mean if the stock refuses to "co-operate" ? Do we get an upgrade after it's made a 20 point advance? Or does it come when and if it actually corrects down to an attractive level? The more I think about it, the happier I am that the management issued their warning for 2 quarters out. So all the negativity is already factored into today's price. I think it would take a serious delay of production to cause another warning for the 4th quarter. All the recent news certainly doesn't bear that out. The potential downside is that their increased engineering support expense may carry over into the 4th quarter and hold down earnings. That might be a good question to pose at the shareholder meeting.

bp