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Technology Stocks : MULTIPLE ZONES (MZON)
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To: Alfredo Nova who wrote ()7/19/1997 8:29:00 AM
From: Alfredo Nova   of 30
 
To all: I apologize to anybody who bought stock for long term based on the facts I quoted opening the thread. Luckily my trader nature helped me on this, since I bought it at 11 and sold at 12 2 days later. I was planning on buying it again but lost contact with the stock for a while.
I just bought some more in June at 5 after the last drop.
I think the data quoted in the Zack part of the yahoo finance let us make some consideartions. First, PE is important and so the estimated growth, but the predictability of earnings is too. Obviously because of Apple this company was affected badly.
The lowering of eps by Dain Bosworth in April should have been regarded as an alarm sign, That analyst was very much on target.
The reason I bought it again was the confidence that an enployee expressed me while I was ordering a modem.
But, again, one employee may not have the global picture. At this point, this is not going anywhere and only new earnings will tell.
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