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Technology Stocks : Equinox Systems (EQNX)

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To: DD™ who wrote (500)6/22/1998 12:20:00 PM
From: Christopher Brainard  Read Replies (1) of 765
 
Gaint over reaction at $8!! From the looks of the insider selling, it took place shortly after the release of the 1st quarter earnings. I do not understand all the details of insider trading, but I think there are a couple of windows during the year when insiders are allowed to sell. Had they been selling a few weeks ago, things would be much different.

The company did not report that is was going out of business. Earnings will be flat in an overall crummy market. I have been watching and waiting to buy this stock for months now. Todays meltdown has given me a chance to buy at fire sale prices. Sorry for those who bought in at higher prices. Looks like doubling down might make some sense if you still believe in the company, and that might be a big IF!! Though with my luck this year in picking stocks, this stock could very well go into the dumper to an even bigger extent.

Good luck to all. I think 6-12 months out you might be kicking yourself for not buying in at todays bargain price! (IMHO)

Chris ....
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