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Technology Stocks : Logic Devices
LOGC 7.870+0.3%Jan 22 3:59 PM EST
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To: Cameron who wrote (8)11/2/1995 10:27:00 AM
From: Winner Victorious   of 141
 
You are right. Volume was better than normal, but we lost
momentum. Some people are getting out to get into hotter
issues with lower multiples like Catalyst Semiconductor.
I bought into CATS yesterday, but not at the expense of
Logic Devices. I won't sell this stock unless it falls below
9 or fails to break through 11, where it has very strong resistence.
Some ignorant analyst said in September that memory prices were
falling which was and is a lie as of now. This hurt Logic, Micron and
all other memory companies as well, and despite strong earnings
we have not recovered. The trick is to get day traders out of the
way, but we need some good, solid news, and we need it heard loud.
Logic is a consistent top earner, but the multiple might be scaring
a lot of people. Still, to go from 0.02/sh in '92 to 29/sh in '95
deserves attention.
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