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Technology Stocks : ESST-the new beginning.

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To: Gone Bonkers who wrote (2129)11/15/1998 8:53:00 AM
From: Richard Makowiec  Read Replies (1) of 3493
 
I kinda think it pulls back to $4 1/4 $4 1/2. More than likely some more accumulation will occur there. Then, once/if some major P.O. awards are announced and/if the CEO buying & company buyback results go public ESST will then resume it's upward trend.

Big variable: The COMDEX showing and the Mutual fund circus with internet stock appeal. Either of these two could squash any pullback in the near term and launch ESST another 2,3,? pts. easily from here.

I personally think a P.O. award announcement will likely occur within a few weeks. Hopefully it will be in the magnitude of awards announced in the past. If competitor offerings don't get announced soon (causing margin worries) it could bring us through that $7 resistance level.

I tried to trim shares last Friday but missed the exit due to the rapid pullback in the price. Still holding all I had at this point.

Anybody else holding all original purchases?

Rich
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