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Non-Tech : Doc Stone's Bierstube und Trading Room
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To: JJMM who wrote (404)9/22/1998 5:41:00 PM
From: M. Frank Greiffenstein  Read Replies (2) of 638
 
PERI shines!

corporate-ir.net

Look at the small percentage of sales to Asia. Not much exposure there. Look at the big increase in bookings from Latin America, Europe and Africa. Backlog is also going up.

I think today's selloff was (a) traders taking profits in advance of earnings release, a typical strategu for them and (b) MMs taking out tight stops. I htink we will see the upper 8's tommrrow. The rest depends on small cap universe recovering, and of course, more news out of PERI.

DocStone
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