04/21 Interstate National 4Q Inst. Equity
ISSUER: INTERSTATE NATIONAL DEALER SERVICES
Issue Type of Security: EQ (Common
Number Change Latest
Held Shs Held Report Date
FIRST WILSHIRE SECURITIES
MANA 476,000 (22,500) 01/30/1998
MANAGEMENT, L.P 307,500 79,000 12/31/1997
MANAGEMENT, INC 194,000 (2,000) 12/31/1997
MANAGEMENT CORP 115,000 18,000 12/31/1997
INVESTMENTS 60,000 60,000 10/31/1997
ADVISORS, INC 38,100 13,500 12/31/1997
MANAGEMENT, IN 25,000 25,000 12/31/1997
MANAGEMENT 4,000 4,000 12/31/1997
SMITH BARNEY INVESTMENT
ADVISO 0 (3,000) 12/31/1997
I unloaded a very small position at 7.25 But it
wasnt so bad because i invested that money in some
other stock which is up. But i still own a lot of ISTN.
Waiting for earnings. Gonna hold on to rest of my shares
until i hear the latest news from ISTN regarding
earnings and outlook.
I usually have difficulty when placing limit
orders. Thats why i usually go Market. But many people i
know have success with limit orders. I place limit
orders with Options often because of the huge spreads.
Anyway ISTN seems to have come out with 2 new releases
in last few days.. and stock crawling back up.
hopefully earnings will be good.
Last week I got a quote on REAL for 11.5 bid and
11.75 ask. I put in a limit order @ $11.50. The order
was filled within a half hour. When I checked out the
high/low for the day, the low bid price was $11.50. I'm
wondering how I got in at $11.50 ask price when taking the
spread into account,the price never should have gone as
low as $11.50. (I'm not complaining!) Has anyone else
experienced this? It makes me want to never put in another
market order again. I usually split the bid/ask price
and have always been filled.
Just to mention.... To all you people who think
the Lubys are running the show at ISTN..my insider
has told me that Larry Altman is the man calling many
of the important shots there. ISTN is starting to
experience many problems lately. They have stopped offering
the warranties to dealerships which have high claims.
But this hurts ISTN cuz the broker who just lost his
dealership is pissed at ISTN for cutting off that one or
more stores and as an independent agent goes to
another warranty service provider to keep that store
which ISTN has cancelled. And.. that broker may decide
to use the other warranty service provider for other
dealerships. I am selling stock if and when it hits 8 .. and i
hope its soon.