Stratex Networks, Inc. (STXN) Message Board

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Technology Stocks : Stratex Networks, Inc. (STXN)

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To: Pete who wrote (836)	1/27/2000 4:25:00 PM
From: Rob Preuss	of 1762

Today was interesting. Although we closed off 3/16, we saw more buyers come in than we had seen in the last couple of days and the share price was up for most of the day as a result... we hit an intraday high of 36+3/4 (up 2+1/2) and volume was 749,200. My guess is that most of the profit-takers have left by now and remaining shareholders are mostly looking for significantly higher prices. Still, I don't think we'll get much strong buying until after the Fed meets and raises rates by 1/4 point. So I look for another week of little or no price movement... then I think we'll start moving up. Rob

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