Stratex Networks, Inc. (STXN) Message Board

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Technology Stocks : Stratex Networks, Inc. (STXN)

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To: lazarre who wrote (1040)	8/24/2000 4:56:13 PM
From: Rob Preuss	Read Replies (1) of 1762

Lazarre, While I've suspected (only on a "gut feel" basis) that 1st hand has been the culprit over the past few weeks, my DD results tell me this is unlikely: 1. KL has consistently touted STXN as one of his top picks. => I don't believe he's a "pump-and-dump" kinda guy. 2. KL has an average cost/share that is almost certainly higher than the $19-21 price so many shares were sold at. [See my Post #1000 for evidence of his average cost.] => I don't think he'd accept a loss (or trivial gain). 3. KL has indicated that price drops such as we've seen in STXN recently are buying opportunities. => I think this is just the sort of opportunity he loves. Alas, since 1st hand started releasing their holdings with a two month delay, we won't have our answer until 31-Oct-00. No... I don't think it was KL and I don't think it was Kopp. These guys know what a good company they have here and, if anything, they were the ones who were soaking up all those cheap shares; after all, somebody had to be the buyer - right? But certainly there has been some big holder(s) selling fairly steadily over the past few weeks. My guess is that this seller will now stop and we'll steadily climb back into the 30's and higher. The sellers during this climb will include many of those who bought in the $19-21 range recently as they'll wish to grab their short-term profit. [Consequently, I expect some bumps as we climb back up.] But some of those who bought in the $19-21 range will hold out longer... I think we could even approach our 52-week high by early October. Rob

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