Inter-Tel INTL Bottom Fishing Message Board

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Technology Stocks : Inter-Tel INTL Bottom Fishing

INTL 28.06

+0.4%

Nov 6 4:00 PM EST

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To: Munificent Gnome who wrote (1)	10/27/1996 6:32:00 PM
From: Mark A. Forte	of 156

I bottom fished Conmed CNMD during July. They missed earnings consensus by 2 c and dropped from the low 20s to 13 3/4 where I bought them. They moved back to 18 1/2 without any further news. A few weeks ago an analyst projected 27 for them. Last week they announced for the most recent qtr a 40% increase in earnings. INTL is a similar situation. Their earnings were flat for this qtr. The drop they experienced thur and fri was way out of proportion to the earnings disappointment. Therefore I'm expect a bounce back to the 17 - 18 area when the bottom fishers like me jump in. From what I can tell they are still a good growth co. Jump in at your own risk. They could move to 12 - 13 mon who knows. Thats the risk of bottom fishing.

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