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Technology Stocks : PLASMA THERM (PTIS)
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To: JM who wrote (303)1/11/1998 7:32:00 PM
From: Nittany Lion  Read Replies (2) of 509
 
JM,

You know, timing is so important - back in October we had the very positive article in IBD that coincided with the start of the Asian problems and consequently PTIS fell with all the high techs. Now we have what probably will be a very good 4th q. report released right when the latest wave of panic is hitting the Far East. Don't be surprised if the stock doesn't react the way we would expect upon earnings release next week, even tho this region does not appear to be all that vital to produce good numbers.

The irony of this situation can be summed up from a statement from Mary Farrell (Investment strategist with Paine Webber). "The five countries having problems in Asia account for less than 1% of U.S.
revenue, and corporate earnings can withstand a 1% impact without derailing the bull market."

Go figure

Gary
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