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Technology Stocks : eLec Communications Corp. (ELEC)
ELEC 10.470.0%Jun 6 5:00 PM EST
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To: warren bostwick who wrote (288)8/14/2000 1:37:00 PM
From: jef saunders  Read Replies (1) of 330
 
i'm a patient man. i was planning on waiting anyway.

how many quarters of rapid growth does it take for
ELEC to hit 20? a dozen quarters? two dozen
quarters (that'd be 6 years)? 6 years for
a 10 bagger would be just fine with me.
the shares of VTSS i bought years ago have
treated me just fine. time and growth and shares.
there's no combination like it. my mistake with
vtss was not buying enough shares. i'm not repeating
that mistake with elec.

elec broke $1 million a month in sales
just this past quarter. that's a critical
level for me and deciding to buy a stock. when will it
be $10 million a month? i don't care. the growth trend
is up steep, and they have good management. that's all i care about. could they hit $100 million in a month?
that'd sure be nice. i don't try to predict
"whens". i'm too wrong on that. i just like
to buy them when they've got beaten down for no reason and
their business trend is strong. eventually the stock
price will follow.

my guess is that they won't be in the 1s and 2s next year.
could it be in the 1s and 2s in 2005? sure , if the company hits a total train wreck. the odds are against
that though, that's why i'm buying the shares now.

if you're a short term trader and you can beat this stuff,
more power to you.

by the way, i got impatient with the size of my position,
and so bought another 900 shares at 2 3/16 today. i was
supposed to save that money in case it went down to 1.
if it goes down to 1 i'll have to find something to
sell.

c ya,
jeffS
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