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Technology Stocks : AT&T
T 26.02+0.8%Nov 28 9:30 AM EST
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To: Anonymous who wrote (1335)5/21/1998 1:27:00 AM
From: m thompson  Read Replies (1) of 4298
 
Anonymous: my guess is that the stock may be reaching the oversold area as well as bouncing off its 200 ema.But the main reason may be the street wanted more than T cutting expenses they wanted to see or hear in this case of a pro active gameplan to regain market share.
although all these announcements w/internet co.s should have helped.
then the SBC/AIT merger may have scared some folks. I figure armstrong
has got some deals in the works and its a matter of time before they aquire someone big or something drastic because the clock is ticking
and if u stand still u lose and he's smart enuf to know that. I just averaged down last week (thurs or fri) so i believe in 3 months or less we'll be back to 65 area if not sooner.

good luck
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