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Technology Stocks : Supertex (SUPX) - Does anyone follow? -- Ignore unavailable to you. Want to Upgrade?

To: Norrin Radd who wrote (375)	12/1/1999 5:28:00 PM
From: Elvis Jones	Read Replies (1) \| Respond to of 392

Is a triple possible from here? Looking at Zacks projections, SUPX could earn $1.31 in 2001 with 5-year growth rate of 25%. $1.31 x 25 = $32.75. So a double is possible in 12-18 months! But a triple? The current PE for SUPX is 48.44. When more earnings hit the books that PE will lower. If it only lowers to 35 (which is possible) and SUPX hits the $1.31 estimate then the price would be $45.75 - three times what it is today! I think fundamental risk is still evident ($9-1/2), but technically it looks much better ($12). SUPX is holding up well (better than I thought it would). I look forward to reaping rewards on this stock next year. Happily Long SUPX, Duke