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Technology Stocks : Aeroflex (ARX)
ARX 13.80+9.4%3:59 PM EST

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To: Louis Cornell who wrote (218)9/12/1997 4:39:00 PM
From: Kerry Lee   of 586
 
<< You have a classic "high and tight" pennant formation following a
parabolic move from $4 to 8.

These formations have a high probability of resolving to the upside.
Just wanted to go on the record here.>>

Could you provide more details and/or a prediction? I am not really that familiar with TA, but the chart does look good, even for a fundamentalist.

BTW, I also think that in the coming weeks/months that Oppenheimer will really get behind this stock as the small caps/value plays gain popularity at ther expense of the Dow/Nifty 50. I would also not be surprised to see more Wall St coverage in the near future. Just look at the $50+ million backlog, the revenue growth, improving margins,and the low market cap vs revenues/profits. Also, I could be wrong, but when these bonds are converted, I think they eliminate about $0.05/share in interest expense. This translates to $1.00-$1.50/share upside in valuation at a 20-30 PE. Correct me if I'm wrong.
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