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Technology Stocks : Lexmark Intl. (LXK)
LXK 40.490.0%Nov 29 4:00 PM EST
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To: Chad E. McQuillen who wrote (70)6/3/1997 8:53:00 PM
From: Fred Fahmy   of 160
 
Chad,

<What did you think of today's action? 1M+ shares traded today and it only ended down an 1/8 for the day.>

Very strange. This much volume and a high/low range of only 3/8 for the whole day. I'm not sure what to think. The stock did hold up well considering the rest of the techs. I guess this is one advantage of carrying such a low P/E. I've noticed many times that LXK does relatively well (and often even goes up) when the momentum is generally negative. Perhaps LXK is viewed as a conservative, safe haven when storms blow in.

Good luck,

FF
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