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Technology Stocks : Equinox Systems (EQNX)
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To: Rob S. who wrote (313)3/11/1998 7:33:00 PM
From: Scott H. Davis  Read Replies (2) of 765
 
One thing to keep in mind is Dec 96, EQNX droped substantially after a below estimates EPS warning. The market overreacted, so when the growth numbers really started to hit, EQNX began a run from a seriously undervalued price. Due to the reality of profit taking, when a stock doubles in less than a year, people are going to be taking profits off the table. Even with continued good #s, it's going to take a long time for EQNX price to catch up with value.

But when you couple this with their solid balance sheet foundation and recent announcements, it makes EQNX a pretty good long term hold.

Short interest had been creeping up after the 3qtr release run up, so I wonder how many shorts have covered the last couple days. Scott
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