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To: Jeff Bond who wrote (646)	12/26/1997 4:52:00 PM
From: Todd D. Wiener	Read Replies (2) \| Respond to of 886

I bought more SMTC today at $34.875. Jeff- Actrade's business has good potential, but I'm not thrilled about the negative cash flow. As its earnings and revenues grow, its negative cash flow increases. As of 9/30, ACRT had less than 3 million in cash. But in that quarter, the negative cash flow from operations was more than $4 million. And they reported a solid profit! If this quarter is good, they'll need to borrow money. Before investing in it, I'd recommend that you figure out how they can fund their growth. Individual Investor picked ACRT as their #1 Magic 25 stock for 1998. My initial guess is that it will be a disappointment. II is not very good at picking stocks. Todd