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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 (140)10/29/1997 3:49:00 PM
From: Ron Bower  Read Replies (1) of 276
 
j,

Thanks for posting the CC info.

I am still holding about 10% of the position I had and will be following it. My selling this morning was a market play. I settled for 9-7/8 because I felt the poor report would drive it down and it will likely stay down. There were some good buys out there and I wanted the money into those stocks.

I was also PO'd at the report and the company. This is the 3rd time they've disappointed shareholders and I don't think they've put forth adequate reasons. If they lost business to Asia, there's reasons beyond price and I think it may be non-performance. I'm beginning to believe they are mismanaged and lack the incentives of their competition. They will have to prove better to satisfy the market.

JMO,
Ron
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