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Technology Stocks : INVX Innovex Comdex Winner !! -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (2154)	1/24/1998 4:02:00 PM
From: Mike Conner	Read Replies (1) \| Respond to of 3029

To Anyone Could someone explain a trade of mine that went thru yesterday (Friday 1/23) on Invonex? I placed a sell order @ 21 7/16 yesterday morning after the initial opening run-up to 21 1/2. I kept close tabs on the stock price throughout the rest of the day, observing very low volume and a range between 20 5/8 and 21 1/4. Last night, as I was reviewing a chart showing trades every 5 minutes during the day, I noticed a very brief up-tick to 21 7/16 at about 2:30 with a volume of about 23000 shares during that 5 minute period. I checked my order status, and sure enough my sale went through( unfortunately not all of the 23000 shares were mine). I thought Inovex was traded solely by market makers and if that is the case why would they jump all the way up to 21 7/16 to purchase shares when all the trades immediately before and after were at the 21 1/8 range? Thanks

To: Box-By-The-Riviera™ who wrote (2154)	1/24/1998 10:13:00 PM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 3029

Joel, Thanks, but being sharp and making money are two different things! I'd guess flip chip to become a meaningful/significant piece of INVX's business around early 1999- basing that guess on upcoming consumer electronics products which I looked at locally at an electronics show a week ago. When a product shrinks to a certain size then flip chip designs become close to a necessity, such as in pagers,etc.... So consider INVX primarily a dd stock for a little while longer... Andwatch for Asia/Clinton activities maybe to pull back INVX 10% againfor a good entry point... I myself am in long-term and just sell a close to "in the money call" option every month. the premiums on tech stocks are tremendous right now 5-10% for a call in the upcoming month. While tech stocks may have some more downside, the huge imbalance in put/call ratio suggests to me high degree of pessimism - and that we are closer to the bottom than a top in tech stocks.... Sincerely, Doug F. P.S. BTW- Look at FPAM and ASND- both have bottomed technically, both have accelerating earnings, both are takover targets themselves, and both have strong growth rates....As always buy on a pullback....