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Technology Stocks : FSII - The Worst is Over?
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To: Andreas Labrakis who wrote (1151)7/10/1997 10:45:00 AM
From: Donald Wennerstrom   of 2754
 
"O what a difference a day makes". The announcement by FSI sure stirred things up! This may be just what the doctor ordered for improved share price.

I am just guessing at this point, but I think this lays the foundation for increased sales compared to the perception of the marketplace prior to the announcement. The company has excellent leverage at this point to turn increased sales into increased profit in a big way. If the FY-98 earnings estimates double from 80 cents to 1.60, there is a good chance the stock price will double as well in the near future.

Do I have agreement on this reasoning. I think we all have to remember, we are investing in a volatile sector of the market. It doesn't take much to make a stock double, or unfortunately, sink by half based on recent events.

Incidently, the stock market has just opened and the volume so far is already over three times the volume at yesterday's close.
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