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Technology Stocks : Speedfam [SFAM] Lovers Unite ! -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (2673)	2/6/1998 12:54:00 PM
From: David Kuspa	Respond to of 3736

I agree with you; mutual funds establishing a position along with momentum players jumping on board during the rally are more likely responsible for the steep climb the other day. And since SFAM has been steadily winding down from $30 1/2, I think it tends to confirm that it was either a temporary supply/demand or momentum driven rally, and SFAM may be headed back into its former trading range, which was about $24-28. I've been tempted to buy back in for another bounce, but I have a feeling that it's heading lower, perhaps below $26 again. I'll definitely pick up a few more shares if that happens. SFAM may be undervalued by many measures, but I still think we have to see some reasurrance that this isn't a stock that will be affected much by the Asian flu. We need a big order announcement or some healthy quarterly numbers to really break out. Of course, a takeover rumor would always be welcomed too. :-) D. Kuspa