Flextronics International (FLEX) Message Board

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Technology Stocks : Flextronics International (FLEX)

FLEX 62.64

-1.1%

Nov 7 3:59 PM EST

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To: 18acastra who wrote (423)	12/4/1997 11:38:00 AM
From: solderman.com	Read Replies (1) of 1422

You misunderstand my point. I'm not saying that the downgrades SHOULD affect FLEXF's stock price, I'm suggesting that they HAVE affected the stock. If this is why the price of FLEXF (last at 34 1/2)is coming down (and I see no other news to suggest why it would) then the market is clearly drawing assumptions from the ERICY downgrade. What else could be triggering the drop, especially on what is an up day for all other ECM stocks? The stain on FLEXF from the ERICY news (and I stand my ground in thinking taht is the cause of the drop) is similar to what you saw happen to JBIL and SLR over the past 2 days on the COMS news (and there as well, most people on the ECM threads feel that the marketreaction is overdone and/or unfounded). I'm just suggesting the motive for the market action, I'm not suggesting that the market is correct. This may turn out to be a buying op.

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