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Technology Stocks : Mechanical Dynamics MDII -- A Growth Company
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To: John T. Hardee who wrote (5)8/18/1997 10:41:00 PM
From: Paul Haynes   of 24
 
John,

I appreciate your beginning the MDII thread.

I have been a shareholder since January when the stock fell quickly from the teens. My entry price was 8 1/4 so I am sitting on a loss at the moment. I really thought the stock was going to get back to the 12-13 range at which point I was going to sell. I watched it hit 10 and, at the time, thought I would be out quickly. However, the stock dropped sharply in late June and has yet to recover. Today may be the beginning. If you follow the belief that the present bull market will have one more good small cap rally before ending, then MDII still has a chance to get back to the 12-13 level or higher.

Regarding today's action, it looks like there was a 10,000 share buy this morning and a 6,000 share buy in the afternoon. MDII is going to need some more of this kind of action if it is to see 12-13. I hope it continues.

Best of investing and trading,

Paul
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