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Non-Tech : Lufkin Industries (Nasdaq: LUFK)
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To: Steve Hufnagle who wrote (75)5/6/1998 8:31:00 PM
From: Dave Hanson  Read Replies (1) of 103
 
*OT* Steve,

I sold NCES for the following reasons:

1. It's had a great run up from 5 and change (I was in at 5 7/8), largely on future prospects (admittedly bright) rather than demonstrated performance. This suggests it may be due for some short term dips, and I'm not certain how good the _near_-term upside is.

2. Though I still like the company, I thought that THQ, and perhaps SIRN, offered a better risk/reward in the near term, and I didn't want to go on margin to buy more ("keeping powder dry" in case of a market correction.)

If it falls below 9 soon, I may be back in--especially if THQ has recovered substantially by then. And it'll stay on my watch list.

Best,

Dave
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