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Technology Stocks : CTS Corporation

CTS 53.04

+3.1%

Feb 2 3:59 PM EST

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To: Renee Scherb who wrote (7)	10/18/1997 9:06:00 PM
From: Scott D.	of 44

Actually, I sold to raise money to buy the Raychem suprise. But Raychem gapped up too much, and I did not buy. The 9 point drop is easy to explain. This stock was run up by clueless people that buy on any split announcement, and by clueless people that here company officials make positive comments on cnbc or whatever show that is. Then they panic when the stock does not continue to skyrocket daily. CTS is on my shopping list. CTS has one big seller, Mario Gabelli: sec.gov Gabelli has been selling a few thousand shares a day for a while according to the sec reports, but is still the biggest share holder. But I think CTS will resume the climb, as it is still relatively undiscovered.

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