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Technology Stocks : INVX Innovex Comdex Winner !! -- Ignore unavailable to you. Want to Upgrade?

To: Mark Oliver who wrote (2585)	7/1/1998 10:09:00 AM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 3029

First time you have been THIS negative on INVX..... sounds like a sell signal to me..... Joel

To: Mark Oliver who wrote (2585)	7/1/1998 12:17:00 PM
From: Beltropolis Boy	Read Replies (1) \| Respond to of 3029

>Interesting views from the Fools. "Daily Trouble". I expected to see >them say they were wrong and the stock should have been sold. >Instead, they give it a sheepish buy. mark. appreciate your salient comments and fair warnings. i agree that HIF is crucial for INVX to rebound. for the long term, an ace in the hole may be their newfound strategy to grow the non-disk-drive bidnez (e.g., flex circuits for chip packaging). if i recall correctly, they've got an exceedingly aggressive 5-year plan to diversify this portion to 2/3 of total revenues. given their sizeable amount of cash, they do have funds to acquire too. regarding the foolish, i believe they'd be walloped by rotten apples from their legions of jesters if they dumped INVX now. as i'm sure you're aware, "buy-and-hold" is the mantra and it's only been in their portfolio for a year. in addition, if history's any lesson, they've been burned by their lack of patience: witness dumping AMAT (for KLAC) in the spring of '96, after just eight months for a hefty loss, before it went on to return almost 70% in '97. from what i've noticed, when they do sell, it generally occurs after big gains (read: iomega, AOL) to spread more "seed money," or massive hemorrhaging (read: ATC comm, paychex). the latter occurred at 80% and 40% declines, respectively. (i should note that 'chexy was a short, so perhaps their pain threshold wasn't as high.) so while INVX lingers at a 50% paper loss, i think they'll stick this one out awhile longer. my apologies: perhaps just a little more 'wisdom' than you cared to know, -chris.