Flextronics International (FLEX) Message Board

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Technology Stocks : Flextronics International (FLEX)

FLEX 64.97

-4.2%

Dec 16 3:59 PM EST

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To: Dave Gore who wrote (1372)	2/26/2002 12:59:53 PM
From: ayahuasca	Read Replies (1) of 1422

and FLEX is free cash flow positive, which will be ramping up in the coming quarters. The lack of panic selling today, coupled with the volume tells me that 1) the stock has seen it's near-term bottom, 2) someone is accumulating at these prices. I expect there to be some serious short covering in the net couple of days, if not the end of the day today. The stock has slid dramatically in the last couple of months, the 'bad' news is now out, so other than macro factors I can't see anybody betting heavily on this stock going down much further. The risk/reward at this level seems to greatly favor the long side.

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