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Technology Stocks : FORE Inc.
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To: Bandit who wrote (3262)5/22/1997 3:46:00 PM
From: J. P.   of 12559
 
Hi Adam,

Don't get mad at me now, but I feel this stock is raw speculation
at this moment in time. Earnings are a scant 41cents/share,
PE is a pricey 37.80, and the Relative Strength (IBD) is a meager
2 (out of 99).

The price action has been less than exciting, however it could
very well be consolidating and building a base.

I'm willing to give up a few points of upside until FORE proves it
has the strength to sustain a rally of significance. I'd rather do
that than have my money sitting idly here in the meantime,
although since this is a dead cat, there is diminished risk.
These are the cold facts as I see them, washed free of the hype!

All IMHO, of course.
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