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Technology Stocks : Electro Scientific???
ESIO 29.990.0%Feb 1 4:00 PM EST

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To: Beltropolis Boy who wrote (510)12/21/1998 3:36:00 PM
From: Mark Oliver   of 723
 
These guys are too honest. "But the 10-point rebound is a long way to go." So, he tells them they took the price too high?

He should have just said market values are something set by the market. Obviously, the fact that we've remained profitable and have such good growth prospects have caused people to buy into the company. I hope we can continue to do a good job for them.

Anyway, the market makers took this one back much more at the open than necessary. So little volume makes it hard to know where the price will go. Today, the volume is still only around 250K which means most of the buyers on Friday are holding. A good sign.

Thanks very much for the link. Glad to hear you've appreciated my contribution to Innovex. I have often felt that these 2 companies were the most open, honest companies I followed. Unfortunately, I think Innovex has lost it's edge in technology and don't hold any shares after a long and profitable ride.

Don't know if I'd buy into ESIO now. The price is getting to the high side, but they have good products and management. Industry seems to be turning around.

Regards,

Mark
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