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Technology Stocks : Ericsson overlook?
ERIC 9.535+0.3%Jan 5 3:59 PM EST
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To: John A. Stoops who wrote (2091)10/9/1998 9:53:00 AM
From: JDN   of 5390
 
John and all: ACCUMULATE means BUY on DIPS. I think at least one of the reasons ERICY has dropped is that they price their contracts in US dollars. Dollar has slipped a great deal in past few days so I imagin the value of their contracts and related profits also dipped. HOWEVER, THESE companies practice HEDGING to protect against such an event. Hedging usually good for 6-12 months out. Does ANYONE think the US dollar will not strengthen quite a bit within 6-12 months?? Personally, I think this is a buying opportunity. JDN
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