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Biotech / Medical : Exactech (EXAC)

EXAC 49.25

0.0%

Feb 14 4:00 PM EST

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To: Steven Dopp who wrote (86)	5/8/1998 4:51:00 PM
From: Robert G. Harrell	Read Replies (1) of 118

Steven, [OFF TOPIC] Here is the postscript I tried to add to the previous message but didn't type fast enough to make the 15 minute window. PS. I remember you were blown away by my wild ride with THQI. It went all the way down to about 18. I bought 500 more at 19 and change and 500 more at 18 1/4. It steadily climbed back upward prior to earnings and then shot up above 33 when they released unbelievably blow out earnings. Within 30 minutes of it crossing 30, some no-name brokerage firm that you've never heard of issues a "downgrade" because 88% of their earnings came from one game that is based on the WCW license they chose to not renew ( the cause of the first crash) and it immediately headed back down to the low 20's. It now keeps bouncing off 26 which seems to be near term resistance. It turns out that the broker who downgraded is one that deals mostly with hedge funds and was obviously trying to drive the price down for the benefit of the shorts. Your stock club really ought to look into this stock. It is incredibly undervalued because a lot of new investors don't understand the ever changing nature of the game business and think that their failure to renew the WCW license is a disaster when it really is a non event. The big money has been quietly accumulating shares when the little guys panicked and sold. There is an excellent THQI thread on SI. Look for posts by Todd D. Weiner, go to his profile and read his posts on THQ. Another really undervalued stock is MRV Communications (MRVC) which has had 33 consecutive quarters of double digit growth and yet is trading where it was a year ago. This company also has a thread on SI with many knowledgeable posters. It has been a great trading stock but some day it is going to break out and really take off. The company is incredibly lean and efficient. Run by a very bright Israeli with lots of Cal tech trained engineers. They've made some excellent acquisitions in the last few years. Bob

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