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Technology Stocks : Cadence Design Systems

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To: dr_elis who wrote (591)	11/17/1999 12:11:00 PM
From: XBrit	Read Replies (1) of 668

sideways for rest of 99 well that's my guess. I expect it to move around in a trading range from 16 1/2 to 18 1/2, then I think there's a good chance of a run-up in Jan ahead of Q4 earnings. Maybe to 21 or so. Management guidance is no significant profits until July 2000 earnings report, so I really can't see how the stock can move up any faster. There's no justification for it either fundamentally or on momentum.

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