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Technology Stocks : Deswell Industries (DSWL)
DSWL 3.726+0.3%Nov 24 3:39 PM EST
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To: Ron Bower who wrote (615)4/3/1998 8:42:00 PM
From: Jethro Bodine  Read Replies (1) of 1418
 
I'm surprised to see that the MM don't support this stock. Dropping the bid down below 19 with only 52K shares trading puzzles me. They don't appear to want to be holding any shares themselves.

There seems to be more talk/concern again about the possible devaluation of the currency. We may see more softness in all Asian shares again if this is correct. I note that many people now don't want anything to do with Asian type of stocks - and who could blame them with American shares going through the roof and those that purchased most Asian shares 6 months or a year ago showing a loss.

Also, unlikely that fund managers will purchase shares in a company like DSWLF due to lack of liquidity and small float. They'd rather buy the latest momentum fad regardless of price.

For those readers who have been holding large mutual type of funds now is a wonderful time to take some profits, raise some cash and buy a position in an undervalued growth company like Deswell. Today there apparently weren't any buyers below 20. I think the buyers will surface again next week and those buying around the $20-22 area now will be very thankful in another 6 months or so.

The wildcard risk is the concern or fear of a possible currency devaluation in China. Even though some believe it will not hurt DSWLF as bad as others (and I agree) - it still is a negative factor that maybe impacting the share price.
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