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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Investor2 who wrote (4334)4/7/1999 4:47:00 PM
From: Justa Werkenstiff  Read Replies (1) of 15132
 
I2: "Re: "ETEC Priced Attractively Today"

It kind of reminds me of ADPT in January 1998."

I am hoping it serves me like ADPT did in October of 1998 <g>. Now that was a nice double plus.

Let them give away ETEC. I have a nice position after today. But the market is fickle. Frankly, I thought the bottom here was at $27. The MMers love to screw with this one. They dropped it like a rock in early October, 1998. But here is no better larger cap deal than ETEC today in this sector. Prior to the fall correction, the last time this company closed below $25 was November, 1996. And if we are at the beginning of an up cycle in this sector, ETEC is a requirement even though it would seem to be a later cycle investment now than previously thought. The big boys will be back to take my shares at a higher price. The MMers will jack up the price soon enough. Patience will be required on this one as the big boys don't like earnings disappointments. They have to keep pace with the index so off they go with your hard earned money buying high and selling low. So let them buy Yahoo and AOL. ETEC does not serve their purpose now but they will be back. And I will be waiting.

CYMI is looking better by the day. But it is in slow free fall. And it suffers from small capitus. That is why ETEC is a better deal at the moment.

As to the Russell, I am not worried about it unless and until she breaks 390. She did so a few weeks back. But then it came back to its base between 390 and 402 or so. It still bears watching.

NASDAQ volume 1.17B. Volume on NASDAQ has been topping high the past two days. High volume with price flat to declining. Market awaits earnings after the discount of the past week. We have priced in perfection here in technology but for the preannouncers.
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