Smart Modular - diamond in the rough? Message Board

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Technology Stocks : Smart Modular - diamond in the rough?

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To: Jeff Jordan who wrote (1400)	5/23/1998 11:39:00 PM
From: Alfredo Nova	Read Replies (2) of 2020

Jeff, these downgrades are just news. I have a contrarian strategy, as long as either I really know the company or I have at least one analyst agreeing with me. Example: bought a lot of ADCT when it went from 28 to 17. 5 or 6 houses downgraded it, but First Boston (the great) kept a buy rating with a $35 target. Although I sold way too early, still did really great. Another example is SMOD: Donanldson Lufkin Jenrette issued a report Friday calling for a target of 22-25 in 12 mos. Valuation numbers with the stock at 14 are excellent. There is always risk, but I felt comfortable to buy at these levels. Of course we are all hoping that this major slowdown in the industry will at some point reverse, best regards Alfredo

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