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Microcap & Penny Stocks : Perle Systems - Who wants to talk? PERLF -- Ignore unavailable to you. Want to Upgrade?

To: Scott H. Davis who wrote (150)	1/25/1999 9:01:00 PM
From: HeyRainier	Read Replies (2) \| Respond to of 248

Sorry Scott, I believe my observations would only be of limited value at this time. The stock has some resistance to clear at roughly the $3.50 level. All fundamental developments seem to be coming along smoothly. The margin of safety acquisition point of up to $2.25 I mentioned about a month or so ago has been extinguished, and so the propensity for profit taking will tend to rise at these levels. The price at one time had gotten pretty close to Fair Value, which would tend to make me hesitate in holding an issue further, given the much-reduced potential for future price appreciation from a Fundamental standpoint. But as part-Technician, it wouldn't hurt to continue for as long as the trend remains with you. RT