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Technology Stocks : FLSH - M-FLASH SYSTEMS DISK PIONEERS -- Ignore unavailable to you. Want to Upgrade?

To: Ariella who wrote (445)	7/2/1998 7:34:00 AM
From: Jerome Wittamer	Read Replies (1) \| Respond to of 923

Dear Ariella, historically, I've owned quite a number of israeli stocks and I can tell you how right you are when saying patience is needed with regard to FLSHF. I got in in June 1994 at 3, see where it now trades!? Hopefully I understood after missing the sale of the century @17 that this stock was a good trading vehicle. Some institutionals also like it this way. I have made nice money only trading ranges like 3 - 4.5 or recently 4 - 8. It goes up and down with interesting regularity. And the lack of liquidity only exacerbates the volatility. I could only urge you not to consider this as a safe investment. Set a target and get out. Then if you want get back in at a lower price. I'm out since 8.375 and now plan to get back in as the stock found a new base for a great number of weeks. You could see from my posts here after the MSFT deal that I somehow expected the retracement. From here it could jump any day, maybe not before December...but the move could be high. Hope this helps. Jerome