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Technology Stocks : Aeroflex (ARX)
ARX 12.09+6.4%3:59 PM EST

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To: Craig Markell who wrote (445)4/30/1998 1:51:00 PM
From: MulhollandDrive  Read Replies (1) of 586
 
Hi Craig, I think we need to get a handle on forward PE using the current share price. I spoke with another ARX investor (he's out now) a while back and he said if ARX met or slightly exceeded expectations that he considered the stock fully valued. (his opinion only). I admit to selling my shares at the close yesterday, strictly as a cautionary move. I've had a couple of unfortunate experiences holding non-blue chip stocks into earnings only to watch a sell off even with a good report. You may be seeing nothing more that the sell on the news mentality at work here. I'm keeping it on the radar screen. bp
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