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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: Henrik who wrote (828)3/2/2001 2:04:29 PM
From: jim_p  Read Replies (1) | Respond to of 23153
 
Henrik,

I bought ACTM all the way down to $16.00. Two days ago, I had 7X a full position. Just unloaded some more at 19.625. Now down to a tipple position.

I suspect we get some more short covering on ACTM soon. During one of it's last runs, it shot up all the way from $20.625 to $30.00 in four days. Great stock to trade.

Yesterday ACTM was down to 4X forward earnings, with no debt. It is also one of the few tech's that have not had very much downward revisions in earnings. ACTM may actually benefit from the tech slow down from an increase in outsourcing.

Love that short covering.

Jim