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Strategies & Market Trends : Three Amigos Stock Thread
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To: LTK007 who wrote (6674)7/7/1998 11:46:00 PM
From: Amigo Mike  Read Replies (2) of 29382
 
Amigos y Amigas,

I believe that I have found an interesting value play that The Amigos may consider for entry.

The company, Emulex (EMLX), is involved in fibre-channel technology that involves larger corporate servers. This stock has been declining for months from near $20. I have noticed that a larger seller has been hitting the stock for some time. Now the selling appears gone and what remains appears to be an excellent value. What appeals to me most is the EMLX has won many design wins for their fibre-channel products and have agreements with several larger integrators. Of particular interest is Clarion, who works with DELL and is using EMLX technology .... as well as DEC who is incorporating EMLX technology in CPQ servers =).

At $6.50 per share ..... I believe EMLX stock price is about to turn around and could easily double this year. All indications are that there are some large buyers scooping up shares the last two days and the stock appears to have broken its downtrend. I will be evaluating EMLX further this evening and consider purchase.

Lemme know what any of you think.

Amigo Mike

PS .... I have a few others that may be quick plays. These need to be watched carefully. I have not checked these but the charts and volumes indicate movement higher: ALMI, BUKS, GNK, INFO, MGMA. Be careful with these.
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