Exide: Overbought or bargain? Message Board

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Technology Stocks : Exide: Overbought or bargain?

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To: Paul Senior who wrote (100)	11/16/1998 9:47:00 PM
From: Paul Senior	Read Replies (3) of 125

Okay, FWIW, just a brief summary. EX gets Mr. Bob Lutz. Looks like that's worth (as of today) about 7 points (up 7+ from rumors yesterday, to announcement today). Stock has moved up to 17+ from 5+ within the last month. Perhaps a clue for speculators/investors to buy the stock (IMHO - and I did not understand or act on it) was after previous CEO resigned, things looked bleak,YET big holder of the stock - State of Wisconsin - received permission to up their holdings to about 20%. That was THE clue and signal (IMO) that the selling might have been overdone. For those wanting more info on Mr. Lutz, an article in this month's Forbes (11/16/98, p. 106) entitled "A Vintage Contrarian" describes his management philosophy. Paul Senior

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