Azenta Message Board - Msg: 5520765

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Technology Stocks : Azenta

AZTA 35.06

+1.9%

1:38 PM EST

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To: Saturday who wrote (412)	8/17/1998 8:58:00 PM
From: spiny norman	Read Replies (1) of 1138

Saturday, hate to sound disagreeable, but my experience with TA is that EVERYTHING looks "ugly" at the bottom. In order to get there (the bottom, that is) you have to have an ugly chart. My original point was that the last time BRKS was anywhere near these levels they had LESS than 1.00 cash on the balance sheet. Now they have 6.00+, courtesy of a secondary done about a year ago (right after the whole Asian crisis broke. It was 2 MM shares at 35.00 if my memory serves me correctly. That 60+ million (6.00 share) is still basically sitting there, and the share base went from 8MM to 10MM. If your charting method doesn't account for this, I'd really have to question the validity of the method. Today's shares are a much different asset mix than last year's. regards

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