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Technology Stocks : Aavid Thermal Technologies (AATT)

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To: Peter J. Santiago who wrote (161)7/23/1998 10:38:00 PM
From: Arthur   of 185
 
Peter,

First, I never heard of AATT until yesterday, but I look for these
tech stock massacres to buy oversold stock. One used to be able to
get an immediate trading bounce by buying right before the market
close on the massacre day and then selling right away the next
morning, but that seems to be getting harder to do. Todays peak
over the previous close was only 5/16, whereas I used to be able
to get at least twice that routinely. So now I wait a while after
the massacre day to buy. Most of the time these stocks continue to
decline for at least another 10 days or so, but sometimes it is as
few as 5 or so. Look at the graphs of SMOD, BMC, HAKI, CYTC for
recent examples. The good news is these stocks almost invariably
rebound nicely (though there are the unfortunate exceptions) but I
think you are right it could easily be several weeks before we see
Wednesday's price levels again. This company looks pretty good
to me and I plan to buy in the next week or so.

Good luck,
Art
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