Hu model record - up 260% in 27 months Message Board

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Strategies & Market Trends : Hu model record - up 260% in 27 months

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To: Steve168 who wrote (29)	12/4/2006 2:51:09 PM
From: Steve168	Read Replies (1) of 32

After over two years suffering from losses in small/micro tech stocks, my portfolio stabilized and recovered a bit. I hope this is a true turnaround, not a "dead cat bounce". One little tech stock is very interesting - AXTI. It makes special semiconductor materials called "gallium arsenide". It was trading at $30-49 during year 2000, then crashed to nearly $1 in 2003. The company had some good revenue growth recently and returned to profitability. Stock traded around $5.2 while it announced it would sell 4.15M shares to public in mid-Dec 2006. The stock dropped to $4.75 after news hit, and recovered to $5 same day, back to $5.2 next day. It appears to me that some investors really want to own the stock - a profitable tech stock at $5 is hard to find. If the recent growth can continue as the management expected, this little stock could be a big winner in 2-3 years. It would be interesting to watch how the offering goes in mid-Dec. I am holding on some shares and want to buy more - keep my fingers crossed......

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