Deswell Industries (DSWL) Message Board

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Technology Stocks : Deswell Industries (DSWL)

DSWL 3.660

-1.2%

2:16 PM EST

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To: Jeff who wrote (166)	9/30/1997 12:22:00 AM
From: Ron Bower	of 1418

Jeff, Sitting here tonight reviewing some postings on various threads. I ran across posts on both the ELAMF and NTAIF threads that relate to your earlier comment about the HK market influencing the price of DSWLF. Paul S. gets very upset about this, but there's a major amount of people owning these stocks that really don't know what they've bought. They look at the PE and growth and buy. Some of them don't even know for sure what the company does. (Paul K. will say that I did this many months ago and be right, but it was the last time.) Anyway, these are the same people that will bail out of a stock when they hear that the HK market has plunged, or that the Peso has weakened to the dollar (ELAMF), etc. They don't realize that many of these things make the companies even more attractive. I'm glad they're out there because they offer buy opportunities to those that have informed themselves about the company and what effect certain economic influences will have. We seem to be experiencing this with all three of the stocks I've mentioned. The amazing thing is that many of these people are fund managers. Just an observation, Ron

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