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Technology Stocks : Elamex(ELAMF)
ELAMF 2.150-15.7%Mar 7 3:00 PM EST

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To: Ron Bower who wrote (148)10/31/1997 9:29:00 AM
From: Paul Senior  Read Replies (1) of 276
 
Ron: -g- and it's too bad I too didn't pay more attention to my own assessment. You most likely did right by selling. I figure the stock could retest, and maybe even break below, the 7.1/2 area. And I think the stock will - e v e n t u a l l y - recover. My bet is that customers come and customers go, so they will replace the business. On the other hand, it's disconcerting to me to read that ELAMF customer is going to China to be near its customer. Strange this co would have come to Mexico in
the first place. I think it's possible the customer is trying to save ELAMF face - the customer is just not satisfied with ELAMF performance (and so something may be seriously wrong with ELAMF - and this may not be reflected the current stock price). Good thing there's a smart Airedale in the background to take over the company from the clothing manufacturers who run it now -g-.
I maintain my investment in ELAMF.
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