CMIC- CALIFORNIA MICROWAVE Message Board

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Technology Stocks : CMIC- CALIFORNIA MICROWAVE

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To: Bert Torres who wrote (41)	2/14/1997 12:18:00 PM
From: CYC	of 67

Bert: Judging by the trading of CMIC after the disappointing news, I think it is safe to say that the downside risk from here is relatively small. Apparently, people who want to get out of this dog have sold before this current wave. There are two blocks of 50,000 shares buy (my optimisitc view) yesterday and today. Some big shareholders are trying to keep this thing stable or there is something else going on. Sir Templeton said that investors should buy at the ultimate pessimism. This dog is not too far from it. We also have outside directors on the board who are looking to increase share values. As I said to Jolly yesterday, I would not be surprised to see CMIC go down a bit and play dead for a while. I like it here anyway simply becasue the bull mania is out there chasing every hot idea in the market while this dog is trading at a fraction of its annual sale. Time will tell. Michael Burke (as in Ask Michael Burke thread) suggested the buy of CMIC convertible bond which lets you collect interests while waiting for it to come around. Good Luck. CYC

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