[Opening Position in Aehr Test Systems (AEHR)]
Dear Member:
Aehr Test Systems (AEHR)is a company that sells, develops, and manufactures systems designed to reduce the cost of testing DRANS and other memory devices. At current prices, the stock has a P/E ratio around 14.5 and a return on equity in the 19%+ range. The stock has been "stair-stepping" higher and just bounced up off the 40 day moving average. I like the stock at a limit of $8.75 with an initial exit (if I am wrong on the direction) on a break below the 40 day moving average.
DISCLOSURE: At the time of publication, I have no position in the referenced stock.
Sincerely,
Bill Kraft
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