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Technology Stocks : Thermo Electron (TMO) -- Ignore unavailable to you. Want to Upgrade?


To: John Hayman who wrote (258)4/30/1998 6:04:00 PM
From: Thomas C. White  Respond to of 450
 
Hard one to call on its sawtooth pattern of the last couple of years. Don't think it will get down to the low 30's again. I own it at avg price of about 35, been in it way too long for my tastes. I'm hoping there is new analyst coverage such as recent to start it moving out of this boring trading range.



To: John Hayman who wrote (258)5/1/1998 2:34:00 AM
From: Hectorite  Read Replies (1) | Respond to of 450
 
Hello John,

The market viewed the TCA news as good based on the price action. Congrats to TCA holders on the 11% one day gain. A grain of salt is in order though. TCA management has been saying the electric heartmate is due for approval "any day now" for at least 8 months.

I've been a long term holder of TMO and THI (~5 years). The consolidation in both stocks over the last 1/2 year I think is OK. The growth rate for both is slowing a few ticks and bound to keep trending down somewhat, so no surprise these stocks are lagging a bit right now. On the other hand despite, TMO is so diversified, the downside is limited too. Baring a full blown market tantrum, you may have to wait a long time to fill at 37. You are right to be looking down the thermo food chain for better growth opportunities.

I'm not much of a trader, but I have made some money trading a chunk of THI this last year just using a stupid moving average signal. If you look a the chart over the last year and it's pretty obvious why a 9 year old could have been successful doing the same thing: nice fuzzy sine wave.

Regards,

F.