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Technology Stocks : YURI ( YURI SYSTEM ) -- Ignore unavailable to you. Want to Upgrade?

To: HerbertOtto who wrote (559)	2/18/1998 7:59:00 PM
From: larry	Read Replies (1) \| Respond to of 1181

Herbert, I don't think that PE is the only problem. Lots of new high flyers have higher PEs. ACLY, for example, has very similar numbers compared with YURI and its PE is more than 125 currently (whlie YURI at 71 right now). I can give you more and more examples. It does seem that the bears won't give up the issue easily. And it also makes sense that bears have turned their attention to small cap stocks since the Dow is moving up fast and Russell 2000 index is lagging behind. However, the issue does seem to be a bit more specific. I can understand the bear's position in YURI since they were expecting the issue got burnt by Asia flu (which is not). I, however, really don't understand their rationale behind the scene RIGHT NOW. I believe that either the MM is manipulating the price (which I believe is true and should change after the option expires) or the company does have some problems. However, I have a friend who talked to Chris Stix this week and Chris is actually very surprised at the price movement of YURI after the earnings release. I think that he still has the 12-month target at between 35-40...Do the shorts know sth that we don't (I don't give a damn about Brody's selling. That's not a big position and no one else sold in the last several months)? Actually no one really knows who the big shorts are behind the scene. I will probably average down my position if I find the issue drop to ridiculously low price (it's already undervalued) but won't sell the issue unless it reaches my target. Bears can make $$$ from scared longs, but sorry not from me.:) I agree that we are in for a long run. larry