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To: Softechie who wrote (1680)	10/30/2001 2:05:58 AM
From: Softechie	Read Replies (2) \| Respond to of 2155

EMLX FOR THE RECORD from Yahoo by: prudentinvesting101 (28/M/Raleigh, nc) 10/29/01 10:08 pm Msg: 50866 of 50875 I am short at $25.90. I think EMLX is, at best a $19.30 stock, the top of the previous uptick seen in the daily graph below. stockcharts.com[m,a]daclyymy[pc20!c200!c10!c 5!c15!c100!c50][vc60][iUb14!La12,26,9!Lk14!Lp14,3,3] If the stock gets through $19 I look for $12 - $13 to fill in the previous gap up in the stock. At 2x sales EMLX is a $7.30 stock. I am not going to get that bearish, but I am not willing to pay more than 20x EPS for a company that has NO visibility (if they did, EPS wouldn't be down 33% from 90 days ago and 50% for next years EPS from 90 days ago). You can see the EPS revisions and guidance on the research section of yahoo's profile of EMLX. EMLX is a good company. Fibre Channel is a relatively hot market. But, cap ex spending is plummetting, the economy is weakening and no stock in that environment is going to trade at 6x this years anticipated sales forecasts(which I don't put any weight in at all) Short from $25.90 to $19 or $13....... D.R.