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Technology Stocks : Xerox (XRX)
XRX 3.060+1.7%Nov 7 4:00 PM EST

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To: Thanh T. Phung who wrote (165)11/30/1999 7:18:00 PM
From: Joseph H. Leiti  Read Replies (2) of 431
 
Just some thoughts here,
I personally would like to see XRX retest it's low around the 25 area then go to fill the gap. When a company comes out and admits its mistakes (earnings)and demands of itself to turn things around, I take special note. It certainly goes on my watch list. But now I want to see "Show me the money" !! Funny, just today I got a unsolicited call from XRX reps asking for an appointment to show their wares for office use. I have a small company here in Florida, but my point is, that was a 1st for me w/XRX. Do I believe XRX will see 60 to 100 again, no question, but how long will it take (IMO) couple years. So on my desk it's a continuous buy on dips to the top, no rush to trade, but good odds. XRX in the 20's ... embarrassing !! They will do something to turn this around
joe
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