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Strategies & Market Trends : DYT Dynatech corp.
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To: sbic who wrote (10)2/5/1997 8:44:00 PM
From: Ed Bordeaux   of 60
 
I, too, have been caught in the downdraft of this one-time highflier. I am committed to stay long because all the fundamentals look good. Earnings are still estimated to be excellent, but the rate of growth is suspect and thus the temporary out-of-favor status. I am surprised that it keeps closing lower each successive session, but it does look like it could reach support in the low 30s. As they say, momentum stocks can bite, and this one has bitten hard. Let's just hope it's reached a level where some institutions might jump on it.
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