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Technology Stocks : Teradyne
TER 219.47+5.7%Jan 5 3:59 PM EST

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To: James Knight who wrote (600)11/28/1997 12:00:00 PM
From: Henry Muller   of 1184
 
James,
I am bleeding too, but why blame the analysts. News stories report the news, people (buyers/sellers)interpret the news. The people and institutions who buy and sell stocks are the problem/cause of the condition. Thats what makes it a market, and why it is inefficient. Human response and the resulting inventions (i.e. program trading, technical analysis) often overcomes fundamental realities and provides great buying opportunities.

The last analyst comment that I saw on the news was the Josephthal Lyon upgrade to BUY on 11/17/97. Certainly not a negative comment.

Stay long on Teradyne, because the fundamentals are still improving and you will be rewarded.

Regards, Henry
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