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Technology Stocks : 7th Level -- Ignore unavailable to you. Want to Upgrade?

To: Gokhan Gezmisoglu who wrote (766)	4/22/1998 4:10:00 PM
From: Dragon 1	Respond to of 1019

This dead silence reminds me of the British Airways commercial: WHERE IS EVERYBODY? Think longs have already taken profits and shorts are going home happy, too. Everybody is happy.

To: Gokhan Gezmisoglu who wrote (766)	4/22/1998 5:23:00 PM
From: Marty Lee	Respond to of 1019

Gokhan.. I respect your fundamentalism. But you're oversimplifying matters. You could make the same case against Yahoo!, Excite, Lycos, Infoseek... Many companies stock prices change dramatically upon news that affects their future earnings potential. SEVL is one such case. It's gone from under $2 to $13 in two days and "settled" about $8. Hardly a "dog" stock now! As I said earlier, recent events have revised 7th Levels full and fair market value upward and for good reason. I expect more of the same in the near future Aside from the initial "over-reaction" to the good news and the usual volatility created by profit taking and short selling, the stock's price will depend upon 7th Level's growth rate which will be beating the market averages quite nicely. I think it would be more fair to compare 7th Level to other stocks in its "industry group" such as, perhaps, 3dfx. Your friend, Marty