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Technology Stocks : Emulex, What Prospects?

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To: Spreck who wrote (202)12/18/1999 9:29:00 PM
From: Fred Gohlke  Read Replies (1) of 788
 
Spreck,

I've been in and out of EMLX since before they spun QLGC off some years ago. Fortunately, I've been in it for the past year. According to my home-grown charts, it has been trading in a range with a slightly negative money flow since early November. At the moment it seems to be around the bottom of the range.

These pauses are not that uncommon. There was one last March that caused me some concern. I'm inclined to think the stock will do well ... but my opinions are probably influenced by the fact that EMLX has treated me very well.

If the tech bubble bursts, all bets are off.

Fred
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