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Technology Stocks : Scientific Atlanta -SFA- going up ???
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To: Sam who wrote (605)10/2/1999 12:29:00 PM
From: METMAN  Read Replies (2) of 1045
 
Sam - looks like, to me, that the sell-off is just about over. Charts on SI show a nearly max sell-off; volume is rather low and we've already dropped 20% from high. I would expect a good entry point would be from 44 to 47 ... which we are at the high end of now. If the market doesn't notch downward on Monday (or no bad news from SFA prior to earnings), this is probably the one of the remaining few days to get the stock nearer 45, rather than under 50. If Fed doesn't raise interest rates on Tuesday - we should be back in the 50's in no time.

Provided the projected earnings still hold and the targets for $70 out to 12 months are valid, this should be a buy at these levels.

Thoughts?

regards,

metman
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