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Technology Stocks : Equinox Systems (EQNX) -- Ignore unavailable to you. Want to Upgrade?

To: Christopher Brainard who wrote (507)	6/22/1998 1:38:00 PM
From: Jay	Read Replies (1) \| Respond to of 765

Good luck with your trade. You have more guts than I. Jay

To: Christopher Brainard who wrote (507)	6/22/1998 1:48:00 PM
From: HeyRainier	Read Replies (1) \| Respond to of 765

Christopher, your contrarian approach may be sound in this scenario. It may be that the small float only exacerbated the point decline. With such an oversold state almost by any measure, it would appear likely that a retracement would occur. Whether if it's the Dead Cat Bounce variety, or a more significant and sustaining one, that'll be up to the management. They can do a lot of things to ease shareholder fears at this point. A share buyback wouldn't be a bad idea either. This is one of the greatest declines I've monitored in the course of my investing. In the course of four trading days, the share value gains of a year have been wiped out. And all from flat revenues from one quarter, with even a possibility of an improved future outlook. Balance sheets remain outstanding. If you note how management felt about the stock during the share buybacks ("..we believe EQNX shares are undervalued"), I wonder what they feel about its valuation now. Mighty tempting. Regards, Rainier

To: Christopher Brainard who wrote (507)	6/22/1998 3:02:00 PM
From: Rob S.	Read Replies (2) \| Respond to of 765

Seems kinda funny that EQNX had such great news prior to the stock split and insider selling. The brokers are making their killing on higher volumes and management doesn't know enough about their business to understand how their products are flowing through their customers pipelines. I got out of EQNX back around 17. As it is now, the stock looks right again for a buy. Could some more selling, but I peg this as the effect of industry wide inventory adjustments and the fact that EQNX had got hyped up ahead of the split.