Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : FSII - The Worst is Over? -- Ignore unavailable to you. Want to Upgrade?

To: Joe Dancy who wrote (1747)	2/8/1998 9:40:00 PM
From: Donald Wennerstrom	Respond to of 2754

Joe, I liked your comment about FSII maybe being a $15 stock this week or an $11 one. FSII's close on 11/21/96, the day of AMAT's announcement, was 12.50. The next day, 11/22, it closed at 15.13 for a 21 percent gain. Since that time, no other one day gain by FSII has reached that level. There is another similarity as well between then and now. In the 8 trading days prior to 11/22, FSII went from 10.63 to 12.50 for a gain of 18 percent ( as noted, FSII had a gain of 15 percent last week in just 5 trading days). Lets put it all together then - in 9 trading days in Nov 96, FSII went from 10.63 to 15.13 for a gain of 42 percent. Who says FSII just meanders along with no excitement.<g> But getting back to the present. With the AMAT announcement due on Tuesday, if the announcement is good, FSII could beat your prediction of $15. Who knows what the stock will do in the next 2 days, but if it closes at 13.75 (Fridays close), and it jumps 21 percent on Wednesday, the stock will close at 16.63! What's the betting line in Vegas these days?<g> Regards, Don W.