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


To: Steve Hufnagle who wrote (2271)3/5/1998 12:32:00 PM
From: Mark Oliver  Read Replies (2) | Respond to of 3029
 
How do you draw the conclusion that Innovex is under accumulation?

Basically, I see the price going down and it seems related to other companies indicating slowing sales. Maybe you think institutions don't see these reports and don't care about a few points, or +- 10%, on entry because they are wise investors looking 2 or even 5 years out.

Could be you are right. Value investors might see this as a very good deal. I've been a long time believer in Innovex and their management and ability to make money in a difficult market. What I don't believe in is institutions and their desire to buy value and hold it. If they did, we'd still be trading in the mid 30's.

Give me something useful. Who's buying? Why do you think they are buying? I give my reasons for doubt.

Regards,

Mark