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Non-Tech : SMARTFLEX ALSO MEMBER OF THE IOMG FAMILY

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To: wm sharp who wrote (127)5/22/1997 9:49:00 PM
From: Douglas V. Fant   of 558
 
wm,

Well SFLX stayed the "12" range for one whole trading day. Eventually SFLX is headed for $20+ within12 months, but only after psychology in the HDD market heals.

I jumped in with both feet today. Not only did I buy more Smartflex, but I also bought Applied Magnetics. What's going on here is the same thing that happened to network stocks two months ago. A big scare and then plunging prices and then recovery. The big networking stockslike CS, CSCO and USRX, ASND all have come back around 50% in only six weeks. Now that's one heck of a profit. I bet we will see a similar pattern in the HDD component makers, but probably a lesser percentage rise....

Sincerely,

Doug F.
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