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Technology Stocks : TLAB info?

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To: Katherine Derbyshire who wrote (5692)6/19/1999 12:01:00 AM
From: llwk7051@aol.com  Read Replies (1) of 7342
 
Katherine, I understood your comment the same way you explained you meant it. I prefer having only a few brokerage firms giving strong ratings so that when the other firms change their minds the stocks I own will get an additional boast.

As for tlabs price movements, it had a very distinct pattern over the years. In fact, until last summer you could almost predict the next high and low in between. Generally highs were about 40% above previous highs. The stock would then move in a sideways to downward trend generally losing 20 to 30 percent of its price before once again moving to a new high. I haven't studied my chart on this for a while so my numbers maybe slightly off, but I wonder if the trend will return?

By the way the spring and early summer are frequently very good for telecommunication stocks. In last week we have had lots of new highs ex. Tlab, Nt, Qcom. It is a hot sector now, but the investment community loves to rotate.

I mention the above points not to encourage trading but to remind myself and others that nothing goes straight up and to be prepared for both the good and bad times. Personally, I much prefer new highs. But I realize that my three largest telecommunication stocks all have been downgraded on price in the last few days.
Good luck to all,
Robert D.
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