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Technology Stocks : Equinox Systems (EQNX)
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To: Christopher Brainard who wrote (507)6/22/1998 1:48:00 PM
From: HeyRainier  Read Replies (1) of 765
 
Christopher, your contrarian approach may be sound in this scenario. It may be that the small float only exacerbated the point decline. With such an oversold state almost by any measure, it would appear likely that a retracement would occur. Whether if it's the Dead Cat Bounce variety, or a more significant and sustaining one, that'll be up to the management.

They can do a lot of things to ease shareholder fears at this point. A share buyback wouldn't be a bad idea either.

This is one of the greatest declines I've monitored in the course of my investing. In the course of four trading days, the share value gains of a year have been wiped out. And all from flat revenues from one quarter, with even a possibility of an improved future outlook.

Balance sheets remain outstanding. If you note how management felt about the stock during the share buybacks ("..we believe EQNX shares are undervalued"), I wonder what they feel about its valuation now.

Mighty tempting.

Regards,

Rainier
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