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Technology Stocks : Exodus Communications, Inc. (EXDS)

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To: DD™ who wrote ()7/19/1999 6:04:00 PM
From: Gustaf  Read Replies (4) of 3664
 
My take on the action in EXDS

Market makers were selling (partly short) Exds over the past
3 weeks into the strong rally and let now the bid on the
stock fall to trigger stops and scare some into liquidating.
Nice to cover 25 points lower isn't it ? Probably they will
get us down to 105 (imho) before we recover.
We have seen that game plan before.

Good luck

PS

One just has to love Alan Braverman's discovery of EXDS
last week and his recommendation to buy the stock @ $145.
Very helpful indeed.
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