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Technology Stocks : AEIS: Opinions?
AEIS 205.61+1.4%Nov 3 9:30 AM EST

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To: R. M. Rosenthal who wrote (44)11/4/1997 10:36:00 PM
From: Sam Citron  Read Replies (1) of 115
 
RMR,

What's driven the price down 30% in 10 days, off a 52w hi of 38.1?

Simple. It was overpriced. Had you bothered to check its PE or PSR, you would have found them in the stratosphere. The technical picture was also breaking down with a lovely head & shoulders top formation.

The SE Asia stock market crash caused a ripple effect of panic that shook out many short term US investors. Most observers have concluded that the reaction was probably overdone for semi equips and now they are coming back. There is a good chance that Jim Morgan will exude his usual confidence in next year's prospects for AMAT, so AEIS may not be a bad bet in here.

Caveat: My knowledge of AEIS is very superficial. I have not really followed the company.

Good luck,
SC
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