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Technology Stocks : GALT - Galileo Technology

GALT 6.550

+4.8%

3:42 PM EST

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To: gmccon who wrote (113)	6/6/1998 8:49:00 PM
From: Ron Kline	of 584

What is interesting is that you don't even really want or need news to confirm the downtrend of a stock. As the stock was falling 10 points in a week from 40-30 all these analysts and people in magazines like Upside were saying to buy this company. I could never figure out what was going on, and wala when its 75% down I finally get the answer. Lesson from this one is don't fight the tape no matter how great you think their prospects are. You may not know why its going down, but in this case waiting to find out turns out to be deadly.

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