SMIT (Schmitt Inds)likely to post 400% earnings gain YoY Message Board

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Technology Stocks : SMIT (Schmitt Inds)likely to post 400% earnings gain YoY

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Nov 6 9:30 AM EST

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To: RAJU EASON who wrote (24)	5/31/1996 1:30:00 PM
From: Brian Meath	of 276

Not to worry. As you're probably already aware, SMIT has rebounded strongly today. I only wish I had watched it more closely yesterday. I put in a limit order to increase my position after the offer closed at $12.75 yesterday, and I couldn't get filled at the open at $13! I think this was one last attempt from some institutions to beat the bushes and scare off anyone (and accumulate more shares) before the earnings announcements which will blow the doors off this one. Rest assured, there is NO worry of an additional offering in the near future. SMIT has $8 million cash in the bank, and until the time comes that they go into full manufacture of the measurement systems, as opposed to assembly, their cash needs are relatively minor. At operating margins approaching 75% on the laser machines, they've got a license to print money in Portland.

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