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Non-Tech : ZOLT -- Ignore unavailable to you. Want to Upgrade?


To: DIGENIS who wrote (672)4/6/1998 1:07:00 PM
From: Maverick  Read Replies (1) | Respond to of 970
 
I couldn't say where it will bottom. There are several people here more qualified than I to answer that question. What you should be willing to pay is really related to how long you're willing to hold it. If you're a long term person (18 months or more), I'd say anything below $30 is fine. If you're thinking a shorter term than that, I would try for $25 or so. When you get down in that price range, you have to ask yourself how important is it to get the absolute bottom price? In this day of bargain basement trades, I'm a believer in just buying progressively in smaller quantities as it drops.



To: DIGENIS who wrote (672)4/9/1998 1:08:00 AM
From: Mike M  Respond to of 970
 
Digenis-

Just another opinion - don't have a big disagreement w/Mav - but I think we will start seeing some strength from the stock. Zsolt has taken out much of the expectations with his earnings warning..(that the bottom line would not be helped until the 2d half of the year). Any pleasant earnings surprises should be well received...I think you would have been happy w/ a purchase in the low 30's last week. Assuming the stock price hops back over the 50 day moving average in the next day or so, I think we could see the stock trade up into the 40's...Longer term, I think people will look back a couple years from now and wish they had taken the plunge in the low 30's....ZOLT appears quite committed to increasing 97 capacity ten fold by the year 2000.

While I would not bet the farm on this, or any other company, the price is certainly worth nibbling at, now! IMO.

Mike