SmartFlex Systems (SFLX) - Blitzkrieg or Sitzkrieg? Message Board

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Technology Stocks : SmartFlex Systems (SFLX) - Blitzkrieg or Sitzkrieg?

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To: rich evans who wrote (688)	7/15/1998 7:25:00 PM
From: Joe Dancy	Read Replies (1) of 848

No question in my mind Rich that some sort of merger or acquisition is imminent. They won't buy back stock because it would mess up a pooling of interests deal, they noted that they had lots of cash sitting around to put to work, and have a strategy to provide design and tech support to some new fields (medical). Too much smoke for there to be no fire. On the other hand whether a merger or acquisition will be good for existing SFLX remains to be seen - I have to agree with Buffett when he says that most acquirers pay too much and ultimately hurt their shareholders. On the other hand, maybe a merger would get this company rolling. I'm not a technician but yesterday's volume was 35 times normal if I recall on a strong upward price spike - is that what is called a "breakout?" Technicians help me here - what do you guys see in the charts? exchange2000.com Joe

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