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Technology Stocks : Aeroflex (ARX) -- Ignore unavailable to you. Want to Upgrade?

To: scott who wrote (504)	10/29/1998 1:33:00 PM
From: Harry Ehrlich	Read Replies (1) \| Respond to of 586

I think we saw a very deliberate shakeout this morning. I could smell it last night when I saw the earnings report; a splendid report with glowing comments about backlog and future prospects, yet a penny short of analysts' estimates. All the weak hands sold last night via the Internet and their orders created the morning drop. This was panic selling by the weak hands. At 1:30 the stock is trading at 10-1/2 and all those that sold for 9-14 are kicking themselves. Sometimes I think these shakeouts are deliberately orchestrated by the market makers, analysts, and even the companies themselves. Harry