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Technology Stocks : FSII - The Worst is Over?

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To: Joe Dancy who wrote (2484)6/10/1999 11:18:00 PM
From: Donald Wennerstrom  Read Replies (2) of 2754
 
Joe,

This goes along with a couple of articles I have seen the last few days that says there might be a chip shortage in the future. I don't think the timing on the 300 mm wafers is such as to alleviate short term shortage, but it should help in the long run.

It looks like the recovery is finally on its way. It has been a long dry spell!!

FSII really made another nice move today. I guess the market likes the fact they have sold their Chemical Management Division which was announced after close of business yesterday. There was another 8 percent gain today with good volume. The chart action hasn't looked this good since last December. The last 2 days the stock is up 20 percent - I can use a little more of that!!

This month marks my 3 year anniversary in holding this stock. I bought it in June of 1996 for $13 because, among other things, its growth rate was touted as being 35 percent per year. I was going to be a good "buy and hold" investor and watch the money "roll in".

Well, now I think the time is here - it may still be awhile, but I think we are headed for $13 and higher. Anybody like to predict where we will be at year end? I will take the first guess and say $26.

Don W.
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