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

To: Dana Breite who wrote (2345)	3/25/1998 1:41:00 PM
From: Mark Oliver	Read Replies (2) \| Respond to of 3029

Your point seems to be that Tokyo has said earnings were lowered and your research doesn't verify it. This is between you and Tokyo. I say who cares about earnings estimates for reasons I've stated. Estimates are a factor, but they are historically bullshit when it comes to accuracy. I buy and sell Innovex on my own research and from what I feel the market thinks of the group. I did not expect this ralley, and will watch carefully for indications of it's strenght. Raising and lowering estimates do not have ALOT to do with my decisions. Of course, they influence me, but I'm watching for the reason to see INVX move out of it's trading range and go back to the 30's and on to new highs if that is possible. I still hold INVX stock and have for over 2 years. I will wait longer. Also, for 2 years I've seen people make various conclusions based on future earnings. How many people have you seen claim INVX would be a $80 stock based on PE ratios of 30, or continued growth of 100% and all the rest. I know you've been on this thread too long to make that mistake. Regards, Mark