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Technology Stocks : 3D Labs

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To: neverenough who wrote (649)7/12/1998 8:09:00 AM
From: JR2  Read Replies (1) of 1010
 
Nigel, I wasn't suggesting that YOU were short. I take my hat off to those who have been short. They have been on the money. I bought the stock recently at 12 1/2; 6 7/8; and 5 9/16 average. I have bought enough under 6 to bring my average down to 6 13/16. I was simply answering Keith Allen's claim that 3d-labs stock would " stay in the 5--6 range" and "to not bother buying it." I respectfully disagree with him. However, I understand that, like others , his opinion makes sense especially if he has been avoiding the stock all the way down. Now that we have had 2 higher lows 5, 5 5/8 ish ( twice ) , I'm looking North. I was looking North strictly on a Value basis as soon as the stock went under 7 to begin with. This is a high growth stock trading at a Value level....funny how those "growth" stocks become "value" stocks sometimes !! Good Luck N.
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