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Technology Stocks : Elcom International (ELCO)
ELCO 15.25-56.4%Oct 17 9:30 AM EST
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To: ecommerceman who wrote (141)2/3/1999 8:33:00 AM
From: GARY P GROBBEL  Read Replies (1) of 736
 
Ecoman-one observation I would make here is that repositioning in the marketplace usually takes longer than even the most pessimistic shareholder or company official had planned. And it is usually towards the end of that process that longtime shareholders take their money out and move on. It is an inverse ratio that on its surface may not make sense but it has to do w/timing and the emotional baggage that builds up when an investor owns a stock that has not been performing well. Just about the time the company is making the turn the perception of the company's future is at its low point. So if I have been watching a company for a long enough period of time I try and buy it during said trough when the news and circumstances indicate that better times may be at hand in the near term. I believe that is the case here but I could also be dead wrong.

That is what makes a mkt...you sell because your disappointed and I buy because I'm cautiously optimistic. I think the company's more aggressive approach to e-commerce (a sector they have been participating in for some time) is going to pay off...their focus is now on that aspect of their business and they have a considerable amount of resources to devote to that end.

Appreciate your thoughts on this and best of luck going forward.

gpg
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