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Technology Stocks : RF Monolithics (RFMI)
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To: taLuis who wrote (267)11/2/1997 7:08:00 PM
From: PJM001  Read Replies (2) of 369
 
Luis,
Yes, I think the market overreacted on Friday. Obviuosly, people that had some inside information dumped their sharesbefore the news became public. Since that was before the news came out, some people might still want to sell their shares, thus it wouldn't be unlikely to experience some weakness early into the trading day. I'm planning on closely following the stock price, and monitor the bid/ask before the opening. If it appears that the trend is positive from the beginning, I'll buy. Otherwise, I'll wait until the sell orders start to dwindle and buy then.
I still think the outlook for the company is good, although it might a couple quarters to fully recover.

Regards,
Pedro
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