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Technology Stocks : KEMET Corp.

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To: Ron Harvey who wrote (781)10/31/2000 9:54:15 PM
From: techtonicbull  Read Replies (1) of 906
 
Your observation that KEM moves with NASDAQ and not on its fundamentals is true. I find that the fundamental component will contribute to a greater extent to the stock movement. What I think will really happen is that the stock is a value stock right now that will convert to a momentum play or a growth stock as soon as there is a sustained upward movement beyond the mid-thirties.

I know investor psychology. As soon as the stock hits 35 , you will have buyers who will say, "Ah yes, this is some great overlooked stock that will be growing to the sixties". It will be then that you will see a buying frenzy up until the end of the year. There will be a Christmas rally in the stock.

As I predicted in my earlier posts, I feel that the stock will hit $50 by the end of the year.

I feel that we are reaching bottom as Charles Payne noted that there has been higher lows in the fits and starts of the last two months.

You have made some great observations. The stock moved nicely today. Let's see if we get any follow-through.
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