Elantec Semiconductor (ELNT) Message Board

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Technology Stocks : Elantec Semiconductor (ELNT)

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To: Bocor who wrote (303)	12/18/2000 1:23:18 PM
From: Dave Gore	Read Replies (2) of 329

ELNT has dropped dramatically lately, IMHO, primarily because it is more volatile and people get panicked out of it easier. It has relatively low Shares O/S and float. IMHO, that's the biggest reason by far especially when it had little basing and chart support on the way up (which scared people into selling). Low O/S is a curse in a down market and a blessing during rallies. People need to see it stabilize for a while. If it does we should be fine. If it tanks further, then we hopefully all have cash to buy more. You're right, the stock has acted like it warned bigtime and/or it has a crazy valuation, but in fact it's just the opposite. It is among the highest growing and most reasonably valued of all the tech stocks. It also got a bad rap about it being in the DSL sector, but that is a very tiny part of its overall revunue. I am told 11% or so, which compared the optical storage, CD-RW and other hot sectors is very non-worrisome. Crazy, huh?

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