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Technology Stocks : Microlog(MLOG): Ready to Move?! -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (293)	11/9/1997 8:16:00 AM
From: ChrisJP	Respond to of 595

Hi Zeev, Are you refering to MLOG or the market in general? If you think the market is heading down over the next 6 months, then I'm in total agreement. In fact my entrance into SI in July, (where I introduced myself to the EXSO thread) was triggered by my interest in moving out of my broad mutual funds, asia/pacific funds, and MSFT. As a result, I'm 20% - 30% in cash now. At this point small caps are vulerable too, and I'm definitely looking to take some profits off the table. Its tough to do (psychologically) when they keep beating analysts expectations and have a growth rate higher than their P/Es. Use www.quote.com to look at the last MLOG trades of the day. In the last 5 minutes a 3000 share buy, and 3 1000 share buys all occurred within 3 seconds. During the day, the MMs moved the bid down on small sells, but were reluctant ot move the ask down much. As soon as a buyer appeared, up went the ask to 7 5/32 then to 7 1/4. Volume is still kind of low so its tough to discern a trend. The trend should emerge next week. By then, of course, if news is not good, the bid will be back down to its resistance point of 6 1/8. MLOG has done everything right to position themselves for long term growth. Hopefully, orders for their products, services, and technology will give then a steady backlog and bring their P/E up to industry average. Wish us luck next week !! Chris

To: Zeev Hed who wrote (293)	11/9/1997 9:40:00 AM
From: ChrisJP	Read Replies (2) \| Respond to of 595

Off Topic: Hi Zeev one more thing, You might be interested to know that my Dad alerted me to the economic consequences of deflation over 6 or 7 years ago. I've seen your comments regarding deflation on other threads. As an example, we've been out of gold stocks since 1979 after it hit $900/ounce. IMO deflationary effects plus wage inflation (i.e. demand for higher pay as a result of general prosperity ) will squeeze businesses and begin to send everything down. I know these two effects should cancel things out to some degree, but for a short while, they could happen simultaenously. Imagine owning a business, seeing overseas competitors prices dropping and meanwhile having your labor force demanding higher pay (or having to raise wages because you can't hire or keep anyone) ! Of course, you can solve this problem with MLOG's products. You can deliver better service cheaper with less labor (WARNING: SHAMELESS HYPE ALERT !) How's that for a macro-economic prognostication ? Chris