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Technology Stocks : Foundry Networks, Inc. FDRY

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To: Goldbug Guru who wrote (594)12/11/1999 7:15:00 AM
From: otter  Read Replies (2) of 1225
 
Goldberg, I think the action next week is going to be very interesting. This is a thinly traded stock; and the Island book (which I first saw and started using last week) has consistently shown a whole lot of odd lot trades... which, while enlightening, wasn't really surprising. Also, the other charts I use that show daily activity by time slice support the undeniable fact that this is a relatively thinly traded issue. Its also capable of serious up and down swings; reversing with little/no notice.

Given all that, I'm going to go out on a very long and weak limb and guess that on Monday morning there will be a very big spike up, followed by some serious selling. Your perhaps tongue in cheek comment might - if you really are selling - be the wisest move.

My plan: ride the wave; and add to my (substantial for me) position when/if the selling occurs. If consolidation doesn't happen, it's ok with me... All my very humble opinion, of course... Good luck.
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