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Technology Stocks : Aavid Thermal Technologies (AATT) -- Ignore unavailable to you. Want to Upgrade?

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

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,

To: Peter J. Santiago who wrote (161)7/25/1998 10:15:00 AM
From: James Perry  Read Replies (1) | Respond to of 185
I think it is a good trade at this point, and an even better
long term holding. The need for heat sinks will increase, and
while changes at Intel might cause some shift in their buying
(as AATT has warned), the price drop was overdone and I certainly
anticipate that there will be other customers coming into the
buying market, with all the cheap PCs being sold. Also, I have no
question that the MM is playing games, although I do note that a
lot of momentum players dumped shares at the warning announcement.
Heavy trading, then. As noted earlier, I doubled my position then.