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Technology Stocks : Exodus Communications, Inc. (EXDS)

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To: MulhollandDrive who wrote (586)6/8/1999 11:02:00 AM
From: LLCoolG  Read Replies (3) of 3664
 
bp,

There will be no resistance at 90. This is far too early in the Net recovery process that has historically followed the mid-quarter corrections for that. With the manner in which Exodus did not fall nearly as much as other stocks in its niche and sector, I would expect it to blow through its old highs, provided this recovery mimics the previous ones.

The fact that a major correction occurred, and we are still only 20% off the alltime high bodes very well. Sit back, ignore the charts, and enjoy the ride until earnings time.

G
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