Don't waste nanosecond on Altair
Dear Mr. Berko: I want to invest in a small company that specializes in nanotechnology because I think this is the wave of the future. I'm told of a company called Altair Nanotechnologies that is, according to research given to me by my broker, on the cutting edge of many new products. I would like to buy 20,000 shares of Altair at $3.90 because it seems to have excellent promise according to WR Hambrecht's research. Hambrecht, as you know is that big New York Stock Exchange firm which was very active during the tech stock market and people made big money following their recommendations. Hambrecht's people believe that Altair's revenue will grow tenfold this year and that the company will finally make a profit. Hambrecht is a NYSE member so their research certainly must meet sound standards. I would like your thoughts on this stock, which would also give me an added level of comfort before I invest $39,000.
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