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Technology Stocks : Axsys Technologies (AXYS)
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To: Bobcat who wrote (80)1/18/1999 4:00:00 AM
From: Donald F. Figer  Read Replies (1) of 89
 
Bobcat,

Well, regardless of the details, I'd still be looking to get out
of this one between $19 and $20. On the bright side, I imagine that
the bid is hostile because Axsys brought in a serious auditor (DLJ)
to assess the bid. This tells me that the company is looking for
a higher bid. Otherwise, they could have brought in a patsy. Also,
bringing in DLJ bodes well for the stock in general. Remember, DLJ
has a serious retail arm, and the auditors in that company talk to
the retailers who will push the stock to institutional investors.

I bought around $10, $14, and $17, so I'll dump a bunch and then
wait around for a response from the company for the remainder of
my shares.

Don
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