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Microcap & Penny Stocks : All American Semiconductor (semi) -- Ignore unavailable to you. Want to Upgrade?

To: Steve Misic who wrote (830)	5/30/1999 10:21:00 AM
From: Harold Feller	Read Replies (1) \| Respond to of 952

Morning Steve One man's low is another man's high. Of course if they dont get their act together the stock will go lower after the split. And as far as tax selling time, of course I would suspect that if SEMI is one of your losses you would sell to offset your capital gains. Fundamentally SEMI has not changed YET, but is suffering from the shareholder blues. Shareholder sentiment is low at this time(what one is willing to pay for it). The current shareholders (me) have taken it on the chin. And unless revenues and earnings change, along with expectations for this stocks future it will just sit or go lower. So what is your option besides a generalization of reverse splits and tax selling? Two summers ago SEMI was sitting at $1 per share. The company did an about face and became profitable. In four months the price went up to $2.50. For a year it bounced around from $1.50 to 2.50.(great trading by the way)Many rumors of buy outs, mergers, great earnings, etc. Then the REPTON fiasco. Failed mergers are in the same league as reverse splits. ($2.9MM writeoff). During this time frame there was the world wide semiconductor glut and softening of prices (bottom line) SEMI went under $1 for over 30 days and opted to reverse in order to stay listed. The $2MM stock buyback: Someone had to take a good look at value of SEMI inorder to authorize it. I can think of many pros n cons on this one.

To: Steve Misic who wrote (830)	5/30/1999 2:33:00 PM
From: jeffbas	Read Replies (1) \| Respond to of 952

I have been around this company close to 10 years. This is not the main board where SEMI gets discussed -- Yahoo is. Your concept of tax loss selling as it relates to this stock is strange. The stock traded near $1 at the end of last year, and is not that much lower now. Most of the tax loss selling relating to being a $1 stock occurred last year. Lastly, I would bet that if SEMI does not start losing money it will not sell at your forecast of 10% of book value in any market environment. $300 million sales companies are not off everyone's radar screens and unknown to the market. Profitable companies just do not sell at that kind of valuation. (This is not a prediction of SEMI being profitable, although the banks certainly had one in hand when they approved borrowing money for a buyback.) I don't know what your agenda is and I don't care -- but you are being totally unrealistic.