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Technology Stocks : Axsys Technologies (AXYS) -- Ignore unavailable to you. Want to Upgrade?

To: Donald F. Figer who wrote (61)	11/24/1998 4:54:00 PM
From: Bobcat	Read Replies (1) \| Respond to of 89

Don I beg to differ with your broker. Generally when a company or an individual is going to offer to take over a company or take it private they will buy all they can at the lowest price. Now when a stock has only 2 or 3 million shares float then certainly is has to be a slow process or they will send the price up on the first trade. But it only makes sense if you want to buy a company, you buy as many shares as you can under the price you intend to make the offer for. Also once you buy more than 5% then they have to alert SEC, so at that point the investors know what is going on. Well this company might be in a field where there is explosive growth, but sales and earnings are not reflecting it. And reported earnings is so distorted with gains from a tax effect and deductions from write-offs, it is hard to get a feel for what there true earnings are. But they are less this year than last and who knows if they can match last years earnings next year. Well my buy yesterday morning was pure luck and nothing more. I did not think I would get any but had nothing to lose. But the way this stock is sinking back I think if you really like it you will get another chance. I don't think most investors are taking this offer serious anyway at this point. And if people really thought this price offered was on the cheap side the stock would have run above $15 yesterday and certainly would not be at $14.00 now. But it opened yesterday at $12.00 and then dropped back to 11 7/8 at one point.