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Technology Stocks : Atmel - the trend is about to change
ATML 8.1400.0%Apr 12 5:00 PM EST
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To: David Shie who wrote (7440)12/1/1997 8:48:00 AM
From: John Ritter   of 13565
 
A great many investors share your view that ATML is undervalued. Reverse logic holds that when ATML was in high 30s fundamentals have not changed enough to bring value down to 22. The market is telling us something has changed, perhaps the expectations of continued growth? Stocks this well followed always have a reason for their price reward ratio. I remember when APM was being hyped in the 30s as a potential $60 stock in six months (at least it was hyped to me).
What to buy, APM or ATML? Both are down hard and looked like good plays in the 30s. These kind of 40-50% drops are serious. I'm thinking smaller growth stocks are better plays than these index recovery stocks. Any comments are appreciated.
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