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Technology Stocks : Elamex(ELAMF)
ELAMF 2.150-15.7%Mar 7 3:00 PM EST
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To: j rector who wrote (14)8/2/1997 12:04:00 AM
From: Ron Bower   of 276
 
j,

As I said in an earlier post, there would be some bailout from those that bought expecting a big runup. When the earnings came out flat, they bailed. IMO - ELAMF will show weakness around the 9.5-10 level, then start a slow upward movement by value investors over the next two months followed by another runup in October anticipating the next earnings report.

I'm guilty also. I own a lot of SWST and they came out with big earnings gain on Monday. I wanted to get on it hard Tuesday at open and sold off my ELAMF at 11.25 hoping there would be a selloff and I could buy back at lower price. I was pretty sure it wouldn't go higher.

The price has never made sense to me considering PE, but it's low because it isn't yet showing growth potential. I think the next Q will be a little better, but the big gain will be in 4Q. I will have bought by then.

For what it's worth,
Ron
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