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Technology Stocks : SIGMATRON INTERNATIONAL (Nasdaq: SGMA) -- Ignore unavailable to you. Want to Upgrade?


To: Eric Hodgson who wrote (46)3/13/1998 1:54:00 AM
From: Ben Marfield  Read Replies (1) | Respond to of 61
 
sigh.... i see that those who are close to this situation do not type out their wisdom for those who are far.

i came to this stock through Nancy Z's newsletter, "Undiscovered Stocks." I can not say how she would break the word that she was wrong, except perhaps to say "hold" rather than "buy." historically, SGMA does best in the winter quarters, so this is not the time of year to expect a turnaround. A more basic problem is that SGMA is in a very competitive industry.

Nancy Z seems a reasonably insightful creature, and because this stock has so few shares (less than 3 million, I think), a little buying will go a long way. For now I'm saying that the traditional idea about stocks is to hold for years and years and that our fault seems to have been bad timing.

I'll report here what Z says in her next newsletter, due out in a couple of weeks. I only wish that others would tell what they know. In particular, to what extent does the Asian situation explain the weakness of SGMA's business performance?

My advice (since you asked) is that you remember this: the stock price is not itself the problem.