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Technology Stocks : Xicor ?
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To: steve olivier who wrote (2813)1/8/2000 9:41:00 PM
From: jeffbas  Read Replies (1) of 2920
 
Steve, my comment is repeated below:

"I personally would not buy XICO at these prices, although I put my own forecast of $25-30 for 2000 here a while ago. In my opinion, the stock is going higher. However, I am sensitive to risk and am basically a buyer of stocks at value prices. XICO is not in that category anymore - but a growth/momentum stock now."

I made a personal comment as to the value. When I buy this kind of stock I look for the potential of 5-10 times on my money (as I am with that highly speculative stock I mentioned). If you understand a situation well, and you believe the odds are in your favor, you should always take a 5-10 times potential even if the risk is BK.
I agree that buying XICO now is less risk than a year ago, in return for less reward.

Also, as far as I am concerned a stock which is up 15 times since the Spring and running 10 times the average daily volume then is a "growth/momentum" stock. Your point is well taken that most such stocks have prices that have far overshot reality, whereas Xicor has not.
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