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Technology Stocks : HS - CHS Electronics
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To: PMylnar who wrote (272)11/28/1997 2:45:00 PM
From: WTD ADMIREE  Read Replies (2) of 1494
 
I agree wholeheartedly but as long as we have the mass hysteria and fear because of the global economic turmoil we will see CHSE stagnant. I think that all of this is going to settle in another six to eight weeks and the next Q earnings report will send CHSE parabolically upwards. Even now many of the larger tech companies and those in other sectors are being sorted to determine who is most vulnerable because of Asia. I don't think CHSE is that sensitive but obviously if the economic debacle goes deeper into other parts of the world then we will be holding some paper that is going to take a while to come back. The next six months looks good to me for the market and CHSE although December's fluctuations are going to cause us to think of bulk buying of the anti-acids tabs.
What I again learned from this, despite ignoring the past lessons taught, is to bail when the signals are there (as when I learned of the Biggs warning a day before the "official" announcement in Oct and stood pat) and not to trust the "intelligence" of the mass market. CHSE should not be as beaten as it is. It will be a long time before that 30% PC demand outside of the US diminishes enough to effect the company's earnings. The SEC filings explain the management contingencies, the currency exchange, the distribution chain, etc.
Point still stands that it was the stock price and not the company that collapsed. Meaning that for those who did not sell yet and are still brooding about the lost profits do not think that it going down the tubes and make the fatal mistake many make and be the last ones out...especially in view of the short time left before the market comes back to CHSE. For those of you who now have cash to buy at this 18-22 range it's been in...you lucky SOBs (sons of brokers).
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