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Technology Stocks : SLIC Semiconductor Laser Intl.

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To: Paul A who wrote (52)4/20/1997 11:24:00 AM
From: Scott C Gottlieb   of 174
 
Most of the recent buying has been away from WHALE. I like to see that for 2 reasons. 1 it shows that new people are coming into the stock at these levels. You never know why someone new takes a position in a stock, but with SLIC you can speculate that people in the industry are beginning to nibble at the stock as the laser diode story unfolds. Also from what I can tell from the level 2 trading screen, WHALE is not holding up the stock price. There are about 15 market makers in the stock now. Thye stock is standing on its own two feet. This gives the stock more liquidity when you attempt to buy or sell it. It's true that WHALE is very bullish on SLIC. I too expect to see the stock price higher over the next 2 to 6 weeks. I understand that SLIC is very close to announcing orders and other indications of progress. The SLIC plant is in the next town over and I get the impression that although they had some innitial growing pains, things are going well for them now.
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