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Technology Stocks : ESST-the new beginning.

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To: Ram Seetharaman who wrote (2369)	2/11/1999 12:51:00 PM
From: Steve Reinhardt	Read Replies (3) of 3493

Ram, The following post on messages.yahoo.com@m2.yahoo.com is for your reference. There are players waiting for a pull back for a bargain. I wish them good luck. I am holding my position and may add more if dip below $6 because I think there should be a upswing in the next two to three months. We have not seen any really big press releases that carry any real significance from ESS for a long time. This leads me to believe either there will be none to be announced (because ESS is conservative), or there will be a really good one. I predict there will be 50% jump in prices with a really impressive one. As for individual investors, I don't think it's time to sell your holdings at current price. Whether you want to increase your position is entirely your own decision. I will add more if it dips below $6. I will start to take some profit when it goes over $9(25% of my holding), $12(another 25%) and $16(another 25%), etc. I think we will to wait in 2000 before we see $25(maybe my last 25%). I wish ESS can prove me wrong. I will sell everything I have to buy Internet stocks if they reach $30 anytime. By the way, ESS has a lot of rabbits in its coat to surprise you and me. Steve Profit Taking & market correction? by: ChiefBJL 2589 of 2589 The pullback in my opinion, appears to be a normal pullback considering the recent gains and it doesn't help to have a correction at the same time. The price should fall to about 5 5/8. volume has been low, indicating no mass selling due to company fundamental problems. Did not a good increase in volume yesterday, may be coming to a bottom at this price, still predict a momemtary pullback to 5 5 5/8 taking out some "Stop Loss" orders. Just my opinion. I am in at 6, then more at 5 5/8 if we get a pullback. Good luck

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