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Technology Stocks : RGFX Raster Graphics

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To: Buzz Mills who wrote (427)	11/12/1997 8:13:00 PM
From: Richard Haugland	Read Replies (1) of 593

Unfortunately I took your advice and raised my bid to 4 13/16 just before it tanked. Of course I got it but was unsuccessful getting more at 4 1/2. However with the mood of the market, IMO, there could be more opportunities, although I see Globex near-term futures are actually up slightly at this hour. cme.com I will be gone now until the end of the year so I hope to come back with a 40%+ gain (what a dreamer!). Unfortunately, virtaully EVERYONE who owns thie stock now has a loss this year so there could be significant tax selling coming up. But at a P/E of about 10 RGFX does not seem overpriced unless it really misses earnings badly next time. Actually RGFX was my only stock up today net, although I bought some more CREAF below the close early in the day. Given the beating that most other stocks took, however, we should be thankful. I am staying about 3/4 cash until the end of the year when I return. Should be some great after-Christmas bargains yet in December and January

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