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Technology Stocks : Deswell Industries (DSWL) -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (944)	8/28/1998 4:12:00 PM
From: jmt	Read Replies (1) \| Respond to of 1418

We saw lows today that I didn't think were possible. Rumor is the Chinese government has expended 15% of reserves on trying to prop up the Hang Seng, and It may not be working. Started up 1 1/2 this morning, then down to 8 something, then back up. I should look towards internet stocks for stability. jmt

To: peter michaelson who wrote (944)	8/28/1998 4:31:00 PM
From: Ron Bower	Read Replies (1) \| Respond to of 1418

Peter, Let's see. You just sold a stock at 11.50. That's less than 5x PE. Less than 1.5x BV. About 2X working capital. Growth last two Qs of 15 and 18%. A dividend return of 8.7%. I sure would like to know what you are going to do with the money -g-. I've been adding most of the day. Had a series of limit orders on and got 4 of 5 filled (9.25 ws too low). With yesterday, averaged out at 9.81. I am very happy. My position before I started buying was 9.84 and I'm up 33% at same level. Didn't think this would ever happen. Now - patience required. Been an interesting couple of days. Had major paper losses and feel good about it - strange feeling. -G- Ron