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


To: Gary Ku who wrote (302)11/17/1997 12:51:00 AM
From: Jeff D  Read Replies (1) | Respond to of 420
 
Well, this sure looks like it's ready for some upward movement!
Still hanging around...
JD



To: Gary Ku who wrote (302)11/17/1997 7:37:00 AM
From: Will Cunningham  Read Replies (1) | Respond to of 420
 
Gary, after last quarter's earnings release the price of this stock was near $17 and came down over two days to around $15. It was the quarter before that where the price was in the mid-10s and came down to $8.5 briefly. I think recently Vanstar retested the low that it made on October 28th and could run-up before its next earnings release.



To: Gary Ku who wrote (302)11/27/1997 2:08:00 AM
From: Mark Carson  Read Replies (1) | Respond to of 420
 
Why would you double you position on a losing stock? Traditionally IPO's that are down past their offering price under perform significantly. Don't try and bottom fish in this fashion, reverse momentum investing just gets you burned. If it drops to 8 and then begins make strong returns with several stable quarters - than its time to thin kabout getting in heavier.

Mark