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Technology Stocks : Xicor ?
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To: Ram Seetharaman who wrote (2373)7/28/1999 12:32:00 AM
From: Drygulch Dan  Read Replies (1) of 2920
 
One must not confuse a stock with the market. Like a flock of birds in flight, they may all seem to move together, but individually each bird/stock has to set its own course. So much generally well known good news is out there in front of Xicor, all the remaining holders have locks on their holdings and are waiting for their rewards. The "weak sisters" have been culled. So no significant aggregate selling pressure can be generated. To the contrary, the institutional managers are arriving back in flocks and applying buying pressure. I expect at least another 6 months of this process. A lot of radar screens are still showing blank. Over $5, analyst recognition, continued rising on high volume, technical indicators continually being triggered, turning the corner to profitability, all these and many other flag waving events will tend to keep this recovery process going. Enjoy the ride.

Interesting chart to ponder:

exchange2000.com
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