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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?


To: Henry W Singor who wrote (5700)2/27/1999 2:14:00 AM
From: InfoMiner  Read Replies (1) | Respond to of 9256
 
I bought in today too - MXTR. But something tells me to wait
for these stocks to start going "UP" again before buying more.
If I had bought when I first thought these guys were a good deal I would have already lost 20%. Today I thought $9 was too good to be true for MXTR yet it dropped another 3/4 an hour after I purchased. I feel like I am shopping at Sam's Wholesale Club, rolling back prices.

MXTR's P/E(expected) for 1999 is about 9 now. And at least 2 of the 5 analysts reporting haven't even updated their earnings estimates since December! They still have the December Qtr estimates at .17 instead of actual .31, so I doubt this Qtr's estimates are accurate.