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Technology Stocks : ODS - Optical Data Systems (NASDAQ: ODSI)

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To: Stratajema who wrote (44)4/21/1997 1:17:00 PM
From: Arrow Hd.   of 258
 
Though I did guess that it would come back to this level within a few
days the fact that better companies are exhibiting serious weakness
makes me wonder what is actually keeping ODSI up. 7 or 8 would not
have surprised me at all under the current environment. So I have not
bought back in to this issue (In at 12 on 12/31/96 and got out
in late January). Last week I did buy SHVA (8 7/8) NWK (12 1/2)
and XYLN (15 1/2). NWK and XYLN are the positions I am most
comfortable with. SHVA is a trade. I know many have been
disappointed with ODSI's performance and that loss of interest can
hurt. Supposedly, their backlog only rolled another quarter. If that
is true then it will probably hold here. But backlog is perishable
and if it doesnt stick now I believe you could see 7 bucks here.
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