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Technology Stocks : ESST-the new beginning.

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To: TWC who wrote (1953)	5/6/1998 11:17:00 PM
From: Richard Makowiec	Read Replies (1) of 3493

How low? Alot of variables here. My very subjective opinion is (after looking at others in the group trade at or below book) $4. Of course this is bad for me since I'm averaged in at $8 1/2. One thing though, ESST's book is under the magical $5 NASDAQ trading requirement, other sector members I looked at that bottomed at book val. were not below the $5. I guess an opinion could be made that ESST's brass may try to brace or support it above $5. Thus the recent press release about Fred & Annie buying $5-10 mil in shares. Maybe bottom could be forcasted at about $5-6 then. Of course, if they do not buy any shares and do not try to support it in manner, the $4 (or book) would probably occur. Key question...will they buy? If yes, then ESST goes up (how much and for how long is a guess). Rich

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