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Technology Stocks : ATI Technologies in 1997 (T.ATY)
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To: heidi medline who wrote (576)4/2/1998 11:15:00 PM
From: wayne nikituk  Read Replies (1) of 5927
 
Well, ATI 5 years ago may have had the growth prospects, but certainly not the market share or customer base like it has developed in just the past year alone. SOmetimes it's better to wait till a company is a little more mature before making a bigger commitment.

Must confess to all I am an advisor at Nesbitt..and I've bought a fair bit of this stock in the 30s. We had a very strong buy on this since November. I bought more in the 50s..and have started to piece a little out...however I will keep a position for a while yet. Remember, stocks that have this intense a run usually (read almost always) come back to fill the "holes" left in the chart on the rapid ascent. That's not to say the momentum won't continue. But a rest will likely be in order. April earnings results will be critical--if the company can beat estimates and provide a strong forward outlook., these unreal growth rates/eps estimates will have some credibility.

But I learned a while ago not to believe the analists too much--remember, they get paid by the firms who earn substantial amounts off the corp. finance arm --and while most are hard working, and credible, the pressure is there. I could tell a few stories....

Thanks for the comments.
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