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Technology Stocks : AEHR
AEHR 26.01+3.6%Oct 31 9:30 AM EST

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From: Tom Caruthers9/2/2008 2:08:45 AM
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This market seems poised to consolidate. Here you have cash rich, debt free, profitable companies like AEHR, ATE, CSCD, TER, and FORM for example that are still doing respectably in a highly cyclical industry that is nearer to the bottom than it is to the top. This is when bargains can be had for those acquirers willing to step in and buy. The charts of all of these stocks look like they are bottoming, with several suggesting that we will move up this month.

Eventually the market will wake up. Meanwhile, AEHR is showing some greater volatility here in the $4.30-$4.50 range than I would have liked to see, but in light of the other potential bottoming patterns of other test companies, is in the realm of normal. Supporting it is the $1.90 a share in cash.

Tom
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