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Technology Stocks : International Rectifier (IRF) -- Ignore unavailable to you. Want to Upgrade?

To: marvin litman who wrote (1027)	6/12/1998 9:52:00 PM
From: DanZ	Read Replies (2) \| Respond to of 1712

Marvin, You are a long term investor and I think you will make out very well on your purchases. IRF has been beaten down beyond reason and most likely it will trade much higher than today's $9 price in a few months. I think the reason that it went down so much is because a fund wanted out and there isn't that much liquidity in the stock. Why they wanted to get out this second and at any price is beyond me, but in the end I think we will look back and see that the fund manager made a big mistake selling IRF at $1 over book value and 0.8 x sales. I'm probably going to add to my position on Monday because we finally saw more demand than supply today. I also like the action in the overall market and SOX and think we will see a continuation of the momentum that started late today. The SOX took out a major support level intraday but closed back above it leading me to believe that this was a shake out and not the start of something more serious for semiconductor stocks. Best of luck to you and everybody. Dan