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Technology Stocks : Mattson Technology
MTSN 3.6000.0%May 12 5:00 PM EST
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To: Ian@SI who wrote (1529)7/23/1999 9:17:00 PM
From: Philip W. Dunton, Jr  Read Replies (1) of 3661
 
Ian, As I am sure you know, tech stocks go into the toilet every summer, regardless of the fundamentals. The good go down with the bad. If fact, tech stocks have anywhere from two to four bull and bear cycles in any given year. That's makes them great trading vehicles but lousy investments, except for a special few like MSFT. Even DELL has become a better trading stock than a long term investment. I would hope MTSN holds above 10. However, the rally in the first quarter to 10 corrected all the way back to 6 while the fundamentals were improving. For now, it looks like 13 is a top and hopefully 10-11 support will hold. However, a Soundview or H & Q recommendation could change that. Phil
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