To: Electric who wrote (15693 ) 9/20/1998 5:11:00 PM From: Lee Lichterman III Read Replies (1) | Respond to of 42787
Happy Birthday !!!! KEA is an IT services company, extremely volatile and growing fast but it generally leads the market so you don't get prior warning to drops, it tends to warn of the market dropping when it does so and has it's own quirky trading patterns so it isn't for every one. It explodes up and can drop just as fast. I like them because they have no exposure overseas (well, didn't until they bought out a British IT firm this quarter), are growing internally at about 60% and make an aquisition or two each quarter. Not trying to hype it but it is a fast mover and has treated me well. Like I said though, it is a tricky one to trade so beware and never hold over earnings since the street expects them to beat estimates every time and no one ever knows how much !!! They seem to drop right after earnings announcement and then lay flat until a few weeks before the next one. Agree on your assessment of DELL, my point was that if a true panic sell were to happen in the market, there could be bargains that we only joke or dream about now. This having been the sharpest sell off in a long time, I find it hard to believe we will not at least re-test it before going back up. New lows are still in the 150 area and the A/D ratio has not been real good. On the positive side, last week the Russell 2000 gained 2.7% compared to only around 1% on the other indexes so there might in fact be some internal healing going on. We'll see what happens Monday and playit from there. Happy Birthday again and enjoy your day. Should be a nice cool day for golfing, I know it is here. I need to go do some lawn work myself. Chat at you tonight Lee