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Technology Stocks : Deswell Industries (DSWL)
DSWL 3.390-0.3%Nov 7 9:30 AM EST
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To: Ron Bower who wrote (947)8/28/1998 6:56:00 PM
From: jmt   of 1418
 
Ron:

My first record (when I installed Quicken) of purchasing Deswell was September 12, 1996 at 7.875. I have held on and off ever since then, so I am quite familiar with the volatility. The highest PE I remember since was 13 or 14, with an average of 9 to 10 during good times in Asia.

Do not misunderstand. I still hold 500 shares and it is unlikely long term I will find a better buy. But given the irrational markets, I do believe some US companies that have gotten CREAMED are more likely to recover 25 to 35% than Deswell, specifically ICN (same PE less one time charge), ASI and my favorate Y2K, PTUS, down from 32 to 3 on some major missteps of which they have corrected.

But I have been wrong before and will be wrong again. I hope we are all winners with whatever path we take.

Good luck,

jmt
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