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Technology Stocks : Midway Games - MWY -- Ignore unavailable to you. Want to Upgrade?

To: Don Westermeyer who wrote (166)	1/21/1999 12:42:00 AM
From: Trippi	Respond to of 278

Earnings mometum is the only way to get a more favorable PE -- and MWY has none -- worse the company has made it clear that earnings will decline or be flat for the next two quarters -- which means short of selling the company -- the price and PE just isn't gonna change much over the next 6 months -- I haven't decided for sure yet -- but there's a good chance Redstone can have my shares in a day or two after I've slept on it. Too many good stocks out there to waste 6 months of doldrums on this one -- and if Redstone takes the whole thing out it won't be at a much higher price at this rate so I guess I asking -- can someone give me a sound reason to hold this? I really want your advice -- I'm not complaining -- I like the company and the long term prospects but I think we are in 6 months too early -- better to buy back in at $11.50 5 months from now.