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Technology Stocks : PRI Automation up 30%

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To: space cadet who wrote (124)1/2/1997 2:08:00 PM
From: HB   of 193
 
Mark, I've owned this stock for a long time, and traded it a
few times. I made a big mistake by selling it too soon just
before the AMAT-induced runup in semi equipment stocks. If
it goes to 35 I'm in again for sure! I'm far from certain
it will ever get there again, but if it does it will be on
a general pullback in techs IMO, not because of factors
specific to PRIA. Good thing you checked fundamentals
on this one... I think most on this thread agree with your
positive evaluation of them. I'm going to be patient getting
in again because I have enough tech and semi equipment anyway and have
been trying to diversify, but
I think it will take a generalized tech slump and some gloomy
stuff from other semi equip companies.... both quite possible...
before we see 35. Barring that, I think the volatility up here
is just due to the fact that these are new highs, and the stock
needs to settle down a bit after running up to this -- quite fair --
valuation.

FWIW,

Howard
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