Deswell Industries (DSWL) Message Board

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Technology Stocks : Deswell Industries (DSWL)

DSWL 3.714

+0.4%

Nov 21 9:30 AM EST

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To: Ron Bower who wrote (202)	10/30/1997 11:41:00 AM
From: kolo55	Read Replies (1) of 1418

We should have known it would drop a bit today. Boy, I'm kicking myself this morning. I knew the Hong Kong market would drop again last night; the 18% gain the previous night was unsustainable. I should have had a buy in on Deswell at 19 1/2 to pick up more on a downdraft. By the time I got it this morning I had to pay 20. Then of course it dropped again. I am looking to buy more here. I still think the stock will bounce above 25 on the earnings report, and more if the HK market calms down. I think the HK market is starting to calm a bit, but it could still trend down from here due to the real estate and banking exposure. I'm predicting that stock investors will eventually figure out that Deswell is a manufacturer, and not a real estate holding company or a bank. Paul

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