Stratex Networks, Inc. (STXN) Message Board

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Technology Stocks : Stratex Networks, Inc. (STXN)

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To: Chris Abellera who wrote (744)	9/15/1999 10:15:00 PM
From: MskiHntr	Read Replies (1) of 1762

You've got a few more shares than I have Chris, and I share your enthusiasm. But, don't underestimate the power of market psychology. Fear alone could move this one back under 15, but I'm willing to weather the nervous selling by the weak holders. The general market today was a horror show with the SPX finishing on its low; tomorrow's opening could be the reverse of today's: due south. When this one gets going, I think, based upon the rectangular base it just broke out of, that a target in the high teens/low 20s is doable, if the market cooperates. EDIT: Upon closer inspection the chart pattern looks like it resembles a Head & Shoulders bottom, see: timely.com

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