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Technology Stocks : HMT Tech..281% sales growth at a trailing PE of only 17

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To: grace who wrote (287)10/8/1996 3:29:00 PM
From: RT   of 317
 
Grace,
I am in HMTT for relatively long run. I believe that at least for this quarter and the next HMTT will exceed earnings estimate. I am surprised by the strange negative co-relation between HMTT and KMAG stock performance. When one goes up the other is down. Usually stocks in one group go up and down together. Not in this case. I think that some institutions are moving the same money back and forth between these two stocks. However, short term movements have little meaning since I firmly believe that HMTT will beat earnings estimate.
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