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Technology Stocks : FSII - The Worst is Over?

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To: Kent Sarikaya who wrote (1250)7/23/1997 11:26:00 PM
From: Donald Wennerstrom   of 2754
 
While I only own shares of FSII, I almost bought SMTL last year at the same time I bought FSII. Since that time I have paid relatively close attention to SMTL.

Many times the two stocks seem to move in close unison. Today I checked when the latest run-up began in both stocks. The date for both was the same day - 24 June. Both stocks have been in a strong, steep uptrend since that date which is still intact. It seems to me this is no coincidence. Whoever the "entities" are (and they must be the same) decided on 24 June that it was time to buy both FSII and SMTL who are competitors in certain business areas. Evidently, these same entities believe that buying these two stocks is still the thing to do.

I wonder how long they intend to support (drive) the two stocks upward along the trend line?
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