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Technology Stocks : eLec Communications Corp. (ELEC) -- Ignore unavailable to you. Want to Upgrade?

To: warren bostwick who wrote (288)	8/14/2000 12:13:50 PM
From: Probart	Respond to of 330

Elec could be putting in a rounded bottom here. Good luck. Probart

To: warren bostwick who wrote (288)	8/14/2000 1:37:00 PM
From: jef saunders	Read Replies (1) \| Respond to of 330

i'm a patient man. i was planning on waiting anyway. how many quarters of rapid growth does it take for ELEC to hit 20? a dozen quarters? two dozen quarters (that'd be 6 years)? 6 years for a 10 bagger would be just fine with me. the shares of VTSS i bought years ago have treated me just fine. time and growth and shares. there's no combination like it. my mistake with vtss was not buying enough shares. i'm not repeating that mistake with elec. elec broke $1 million a month in sales just this past quarter. that's a critical level for me and deciding to buy a stock. when will it be $10 million a month? i don't care. the growth trend is up steep, and they have good management. that's all i care about. could they hit $100 million in a month? that'd sure be nice. i don't try to predict "whens". i'm too wrong on that. i just like to buy them when they've got beaten down for no reason and their business trend is strong. eventually the stock price will follow. my guess is that they won't be in the 1s and 2s next year. could it be in the 1s and 2s in 2005? sure , if the company hits a total train wreck. the odds are against that though, that's why i'm buying the shares now. if you're a short term trader and you can beat this stuff, more power to you. by the way, i got impatient with the size of my position, and so bought another 900 shares at 2 3/16 today. i was supposed to save that money in case it went down to 1. if it goes down to 1 i'll have to find something to sell. c ya, jeffS