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Technology Stocks : FSII - The Worst is Over?

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To: Sparky65 who wrote (1111)6/30/1997 7:39:00 PM
From: Stratajema   of 2754
 
Sparky65. You and the Piper analyst are essentially saying people should pay $16 for the stock of a company whose sales are declining and is unprofitable. Circumstances, circumstances, I know. But any movement up in the stock is pure speculation. What your witnessing is the result of an extremely manic market and the 'greater fool theory' of investing among momentum traders. The chances of FSI hitting 80c in earnings next year are slim IMHO. Hey, but enjoy the ride up! As long as AMAT holds up, most of the other semi stocks will also.
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