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Technology Stocks : MTIC - Is this the next EMC?

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To: michael piegza who wrote (984)1/9/1998 6:11:00 PM
From: jkb  Read Replies (2) of 3748
 
I just got back - WOW - what a day. My portfolio took a beating - just another day in the life of tech stocks. BXH looks like they were beat up due to their comments on '98 revenue performance. Management may be acting conservatively. Nevertheless, I'm surprised that they seem to be OK with Q4 as they do have Asian exposure.

I've still got a pretty solid cash position. I've bought all over the place since $7. I bought more this week at $12. Pricing for both EMC and MTIC is a steal at these levels. However, this market is so ugly right now - it seems as though the market wants to go lower before it gets better. Let's hope INTC will save the day for the market - I believe Tuesday - after the market. One analyst believes that they will surprise on the upside. Don't get me wrong - I'll be in on Monday - and will be watching MTIC like a hawk - looking to buy.

-Jay
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