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Technology Stocks : Xerox (XRX)
XRX 3.060+1.7%Nov 7 4:00 PM EST
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To: Doug Skrypek who wrote (185)12/17/1999 2:58:00 PM
From: John Koligman  Read Replies (1) of 431
 
You are probably right but depending on how 'deep' this firm's problems are this could take time. Look at CPQ for an example. I've been making good money on that stock, but ONLY by trading it when the price hits near 20, which it has done a couple times this year. With the Nasdaq now up almost 72% there will be a tech correction sooner rather than later in my opinion. Although XRX is a DOW stock, I'll bet this correction allows us to pick the stock up in the teens. It would be a good trade for a decent percentage bounce if that occurs.

Regards,
John
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