Flextronics International (FLEX) Message Board

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Technology Stocks : Flextronics International (FLEX)

FLEX 55.29

+1.4%

Nov 21 3:59 PM EST

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To: kolo55 who wrote (693)	6/29/1998 9:34:00 PM
From: Asymmetric	Read Replies (2) of 1422

Very nice move last several days in Flextronics. Flurry of late end of day block buying (several 10k blocks) pushed stock to high of day. Stock appears poised for further gains from here. Hadco also looks like it may have put in a bottom here and looks ready for dead cat bounce. My infamous gut instinct says buying either one should provide one with a gain. I actually favor Hadco here on a technical basis. Value players stayed on the sidelines and let someone else try to find the bottom there. Barron's article on DIIG and Altron applies equally to Hadco IMHO. After long steady decline whoever was short Hadco probably ready to take profits at this price point. Add to that value investors waiting to jump in and 20%-30% short term retracement possible. Just my thoughts. Good luck to all. Peter.

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