INVX Innovex Comdex Winner !! Message Board

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Technology Stocks : INVX Innovex Comdex Winner !!

INVX 23.50

+0.6%

Jan 9 9:30 AM EST

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To: Box-By-The-Riviera™ who wrote (2184)	1/30/1998 11:38:00 PM
From: Kurthend	of 3029

Just remember the source of this information (an idiot:), whose has limited knowledge of the DD industry and has no knowledge of of the technical world in general. INVX started the bad news back in May 97 with an earnings warning for their 4th qtr ending Sep 30, 97. The price was in the 40s for a short period of time. The other companies in the dd industry later came out with similar warnings (Summer of 97). The dd industry in general has been "battered" by wall street since November (Some may say since the summer of 97). In the last week earnings of the various dd companies have been neutral to negative. Many of the companies have posted negative earnings (APM, RDRT, etc). The price of the dd stocks have not dropped in the last week as compared to when warnings about earnings came out in mid to late 97. It appears as though the price of dd stocks have already been discounted in terms of current earnings. It also appears from this amateur investor that the experts on wall street have figured the dd industry can only get better from this point forward. The price of the various stocks seem to have stabilized. Look at the average PE as compared to the 5 year average. Unfortunately all of my money is in INVX and I have no further "assets" to dump in INVX or other DD companies such as SEG, QNTM, etc. The current dd down cycle is in the second qtr. If my memory serves me correctly the average dd down cycle is approximately 2-3 qtrs. Get in before the big boys from wall street figure out what is going on. Heck, if SEG, WDC, QNTM go under who will make the disk drives? Per Lynch, buy the strongest companies in the weakest industry. As you can see this is a very non-technical message and based only on one man's opinion. Have a good weekend, Kurt

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