To: Ron Kline who wrote (378 ) 6/5/1998 12:06:00 AM From: Kent Sarikaya Read Replies (1) | Respond to of 718
You guys said it all about II and for that matter the firms issuing buys. Actually I think they were right in their buy rating, it just seems to me that there is too much over reaction anymore in stocks to any news, especially the higher beta stocks. They dive they soar back up. The reductions in estimates are nothing compared to the beating the stock has taken, how can they now say sell. Just covering their bets on momentum selling. I bet we have a bounce next week. If the rumored news about Dell is true then it might lead to another rally, although a cautious one. Never count on rumors though. This stock is rediculously priced so I see a move up when reality starts sinking in and investors and managers starting look at this stock this weekend. They will look at the news and then the subsequent dumping then calculate the value and then see what a bargain this and start buying. I won't buy until I see the big boys coming in and we have volume around or above 400,000 and a price move up to or greater than 2 points. I'll wait for the second bottom then move in, if it continues up fine, i already have shares at 15 7/8 and 24 5/8. The fact that 2 firms are coming into this field I see as positive. Think of it from their stand point. They are putting money in difficult times into a field that has been beaten and are going to face a tough competitor like AFLX that has made it's adjustments and has done well in earning in hard times. They are a one stop outfit. They have diverse clients and have spread the work they done well among the various sectors, hard drive, communications and portable computers. As I write this I feel like buying more, there is just so much that is good about this company. I hope our biggest problems in 2 weeks will be that we wished we bought in at these prices.