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Technology Stocks : Texas Instruments - Good buy now or should we wait? -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (2395)12/10/1997 2:57:00 PM
From: jim A  Read Replies (1) | Respond to of 6180
 
Larry, you're probably right, but
i don't think TXN is near its top.
Its down nearly 40% from highs.
Made my purchase on neagtive semi sentiment
(contrarian indicator), good fundamentals and
cash flow, 2x book and sales, and with reduced
98 estimates, it selling at forward P/E of upper teens.
If the market crashes so be it (i'll double my position then).
Otherwise this is a blue chip technology co. that will bounce back.
(and this stock can very quickly).
Comments?


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