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Technology Stocks : American Xtal Technology, Inc. (AXTI)
AXTI 12.34-5.0%Dec 17 3:59 PM EST

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To: John Finley who wrote (198)3/1/2001 7:11:35 PM
From: kinkblot  Read Replies (1) of 290
 
A high beta stock rebounding from a slow-motion crash?

February was the third largest monthly decline ever for the Nasdaq:
worldlyinvestor.com

Four of the ten worst have occurred in the last twelve months.

I have beta for AXTI versus the Nasdaq Composite of about 1.8, using weekly data for the last two years. It may be slightly different for daily data, but I don't buy Market Guide's number of 0.43 versus the S&P 500. That smells like garbage in, garbage out. <g>

It looks like your buying turned the tide. Welcome aboard!

WT
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