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Technology Stocks : Keane The leading y2k service provider

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To: Lee Lichterman III who wrote (1043)3/8/1999 6:20:00 PM
From: Brian Malloy  Read Replies (2) of 1316
 
Well,

I closed out my KEA position today. I still think it is a great company that will continue to grow. It is at a great PEG ratio, represents a nice value play and is doing all the right things. However, the market just isn't rewarding it. Be it due to Y2K perceptions, or just the general malaise of the mid caps or whatever. I'll be putting the funds into other issues that are making money now.

If and when KEA starts to do something meaningful price wise I may reenter but it will be at the 40+ level. To those that continue to hold be aware that we have had multiple tests of support vic $28 that have basically held. Not advancing much over the past three days in light of the strong upmove in the techs over the past three trading sessions was an extremely bearish sign to me. I would not think that it would happen, but if KEA breaks down from this point there is a very real possibility that it could go to the teens.

I hope that I can join you all in the future as a holder of KEA once again.

Regards to all
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