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Technology Stocks : Etec Systems moving up
ETEC 0.1500.0%Sep 8 5:00 PM EST

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To: jeffbas who wrote (962)5/30/1998 1:40:00 AM
From: Daniel Simon  Read Replies (1) of 1279
 
I think this is a phenomenal price. I wanted to buy some shares about 2 months ago but felt the price was a little high. (In retrospect it was.) At the end of last week I decided to get my toes wet and bought. Now it is down another 10 percent in just a week. Earnings were decent, management was cautious (what semiquip company isn't) and an analyst remembered they have competition (hello). Funny how it is the same company doing the same things as it was last week. All of a sudden ASIA is a problem (but it wasn't 6 weeks ago??)... Just your typical stupid market mania. If it drops another 10% I'll buy with both fists... I think their new laser imaging product is exciting and could add substantially to revenues in the 6-12 month time frame.
Good luck and better profits,
Daniel
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