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Technology Stocks : Mattson Technology -- Ignore unavailable to you. Want to Upgrade?


To: John Stewart who wrote (1887)9/29/1999 9:57:00 PM
From: Philip W. Dunton, Jr  Read Replies (2) | Respond to of 3661
 
John S. <<<Take this as an opp to buy more stock, not to worry :') TA is an important indicator. However, it is outweighed by about one order of magnitude by fundamentals. The fundamentals are in place and firmly in our favor.>>>

Thanks for the advice. Your timing advice appears (for now) to be impeccable. Sell at 15, buy at 11.75, not bad. However, there comes a time when enough is enough and my position in MTSN is already overweighted. Fortunately, most was purchased under 7. I agree with you that the fundamentals are on our side. My major concern is not MTSN but the overall market. I have seen plenty of tough markets, where you have an adverse Fed, and in those tough markets, good fundamentals are ignored. I believe we are either in a nasty intermediate correction or in the first down leg of a bear. The odds favor the former, I think. If we are in an intermediate decline, MTSN's fundamentals will prevail. If things get worse than that, the market won't care. Good luck. Phil