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To: Susan Saline who wrote (17714)	12/8/1998 10:55:00 AM
From: Cheeky Kid	Read Replies (1) \| Respond to of 53068

I'm waiting my dear: Subject 24103

To: Susan Saline who wrote (17714)	12/8/1998 12:16:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 53068

ASHW... Sue: ASHW needs to close above 6 1/4 to pierce a downward sloping trendline... That will confirm the double bottom... Jim

To: Susan Saline who wrote (17714)	12/8/1998 9:55:00 PM
From: DanZ	Read Replies (2) \| Respond to of 53068

ASHW. Sue, If ASHW acts the way it did on previous tests of support, I would expect it to base a few days before mustering a rally. This is another stock that when I look at the current state of their financial statements and earnings projections, I can't rationalize why the stock is trading so low. Unless analysts are way off on next year's earnings estimates, the stock should be trading at 9 or 10, which would put it at about 15x next year's $0.60 estimate. The stock is trading at a price to sales of 0.75 which I find ridiculous when you consider their ROE of 12% and operating margin of 12%. The numbers don't add up and I think the stock is undervalued by 75 to 100 percent. I have to believe that one day ASHW will turn around and longs will make good profits from today's $5 price. Many semiconductor stocks have gone up 70%, 100%, 150% from their prices just 6 weeks ago. As I had been "preaching" for a while, I felt like those stocks were way undervalued. The market finally agreed and up they went. I believe that the same thing will happen to ASHW but there's no way to tell when. Still, it's not a bad deal even if it takes 3 to 6 months to make 75% to 100%. Some brokerage firms recently their raised margin requirements for stocks that are trading below $10. Ameritrade, for example, just sent me a letter saying that they are going to start holding $3 per share on stocks trading between $5 and $10. They are allowing no margin on stocks trading below $5. Previously they held $2 per share on stocks below $5 and 30% on stocks above $5. If enough brokerage firms are doing a similar thing, then weak holders could be selling the stock to either avoid a maintenance call or to cover a maintenance call. If the stock is going down for this reason, then it should recover soon because the decline wouldn't have anything to do with the company's present or future fundamentals. This would be a stock market anomaly and these kinds of things don't last long.