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Technology Stocks : Electro Scientific???
ESIO 29.990.0%Feb 1 4:00 PM EST

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To: Tom O'Brien who wrote (296)12/10/1997 8:06:00 PM
From: Scott Maxwell  Read Replies (1) of 723
 
The Asian bombs are falling and managers are afraid. Comments like "it's over for techs" are signals to get in (selectively), since he means "I'm not gonna get good performance this month by holding lots of tech stocks." ESIO's business, unfortunately, could easily generate some negative news despite its excellent long-term prospects -- we know their equipment is more and more a necessity fo prroduction of DRAMs and all sorts of micro-manufacture, but the day-to-day price for the stock will take another hit if there's any news of cancelled orders or reduced backlog. Watch for bad news and buy on the (over)reaction.
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