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Technology Stocks : Vari-L (VARL)

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To: FIFO_kid2 who wrote (569)11/18/1997 12:56:00 AM
From: Gregory DeMoully  Read Replies (1) of 2702
 
JJB, the "downgrade" from 1.0 to 1.5 is due to the average of a previously disclosed "strong buy" and the new "buy" from Cohig. Unfortunately the Cohig recommendation has done nothing to move the stock. Appairently Cohig is one of the "three companies" initiating research as discussed by Gary Reed earlier in this thread. IMO the other two companies are waiting on the sidelines because the stock is technically week. I am looking for these other two companies to contribute if the stock can move above $10.5 and stay there for one week. Agree that VARL is very undervalued on a fundamental basis with a value of $15 without the China Deal. Agree that the stock should trade up to at least $18 if the China Deal becomes reality.

I think a lot of people are really starting to loose patience with VARL and we could maybe see another shakeout down to about 9 before the move upward. This could present an excellent buying opportunity.
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