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Technology Stocks : Spectran (SPTR)...Speaking of White Hot Lately
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To: Uncle Frank who wrote (1100)5/22/1998 1:38:00 AM
From: Uncle Frank  Read Replies (2) of 1147
 
Price Alert! I just averaged down. That's a signal for the money managers to start dumping the stock.

I couldn't resist; I'm a sucker for positive Annual Reports. Margins will be down, but they are projecting sales to be up as the new capacity comes on-line. I paid for that capacity (through dilution of my investment caused by the secondary), so I plan on being rewarded by it.

Buffet says to buy when everyone is bearish on a good company. I'm thinking this applies to Spectran. I hope.

imho, Frank
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