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Technology Stocks : MERIX, Volume and stock are showing some momentum

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To: Max Vasquez who wrote (1)1/24/1997 9:29:00 PM
From: kolo55   of 20
 
Merix finally showing signs of strength

After a long drag down, the stock seems to be perking up from its low hit last December right after the earnings report. HADCO has been real strong lately and some of the other board manufacturers are perking up (CCIR, ELEX).

Does anyone have a guess on what is causing MERX to perk up?
My own guess is that the company follows the same cycle as the Semi-equipment or test companies. You know semi-equipment lags the semiconductor market because they supply the fabs, well MERX lags the semi-equipment and test companies because they supply the boards to them.

Anyway I have a small position purchased right after the December stock drop (and unfortunately some shares purchased just before). Its a small position, but I hope the company moves back up to retest old highs once the recovery strengthens.

Paul
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