Aeroflex (ARX) Message Board

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Technology Stocks : Aeroflex (ARX)

ARX 12.09

+6.4%

3:59 PM EST

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To: MulhollandDrive who wrote (459)	6/14/1998 11:36:00 AM
From: Harry Ehrlich	of 586

For a while, it looked like ARX was going to reverse on Friday. The stock was almost back to its opening price on decent volume. I believe the open was 9 13/16. Had it returned to there, we would have had the Japanese candlestick pattern of the "hammer". This could have been a good reversal indicator as well a technical buy signal to many. But it didn't happen. More selling at the close brought the price back down. It could still reverse from here and my feeling is that the key will be high volume. I plan to keep watching for a while. A friend knows a VP at the company, who claims they are doing a ton of business. I spoke with investor relations and they mentioned that Lucent was one of their biggest customers and they are doing a lot with them. Loral is somewhere in the 10% range in terms of how much business they represent. Hughes Elec is their largest satellite customer. Hughes was implicated with Loral in this Clinton-China controversy. Any thoughts on Comsat or other satellite companies? Harry

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