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Technology Stocks : Aeroflex (ARX)
ARX 11.74-5.0%Oct 29 3:59 PM EDT
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To: froche who wrote (570)11/11/1999 9:28:00 PM
From: Epics  Read Replies (1) of 586
 
This stock is acting really fishy. Companies that have growth stories trashed like these guys generally take a few quarters to get on track. Something is going on behind the scenes that shareholders aren't aware of, the kind of accumulation I am seeing is unusual. What proably happened is momentum/growth players were big into this company. When the bad news hit (over a few weeks), they all ran over each other to the exit ramp. Market Makers refer to this as an imbalance. According to Justin Mamis, Once the selling dries out, there is only one way to go, up. Despite a 65% haircut, it is still a growth story. The buyback will maintain the growth number due to less shares and there are some products on the pipeline that will re-fuel the growth people are looking for. Fortunately for ARX shareholders, this isn't a Disney Eisner BS story about maintaing long term growth every quarter like they promise and never do. ARX missed one quarter not six like mickey did. Bottom line, I want to know why ARX management hopped in for 160,000 shares and instituted a buy back of that magnitude. Last time I've seen something like this was RATL a few years back at 7 or 8. Think its in the 30's or 40's today. ARX won't go there but 13-15 is possible, as crazy as that sounds. We shall see.

Epics.
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