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Technology Stocks : EN POINTE TECHNOLOGIES (ENPT)
ENPT 0.00010000.0%Oct 8 5:00 PM EST
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To: Christopher Brainard who wrote (427)3/20/1998 4:49:00 PM
From: trezza  Read Replies (1) of 537
 
I'm somewhat glad I lightened up my load with you Chris

Now things get interesting for ENPT. What is their book value,
somewhere about $5 a share? Even
at 0.21 EPS this quarter, they probably won't dip below $8 (though who
knows). At 0.25, they could bounce back up to $12 easily.
With the stock at 9.375, thats about a 30% upside potential with a 12%
downside potential in the near term.

My concern is the obvious institutional investor who bailed today.
(and what news did that person know that we don't)
However, given that we've be averaging around 9,000 shares a day
for a couple of weeks and today we've absorbed almost, what, a half-
million shares (about 10% of the float!) while dropping less than
a point, it seems that that we're at some bottom (pretty strong
demand down here).

Any thoughts? Did you hear anything from Roader?

John

p.s. The DOW is looking pretty damn staggeringly high considering
it was just October when the thing had its quasi-crash. Warren
Buffett made some optimistic statements recently, but it sure
seems to me like a drop to 8000 is reasonable. (of course the
doomsayers say 7000, which seems a little extreme to me)...With these
returns on the DOW / S&P, makes me think I should go back to
buying index funds (though after the next crash!)
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