Xicor ? Message Board - Msg: 12491283

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Technology Stocks : Xicor ?

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To: jeffbas who wrote (2793)	1/6/2000 7:26:00 PM
From: physicsdh	Read Replies (1) of 2920

Why is it that this move has to be due to something extraordinary? There might be some rumors cooking but if you ask me its plain and simple....The Barrons article summed it up nicely... "this stock is undervalued if you believe the analysts' earnings forecasts" and quite frankly I believe the analysts are way low. I believe this move is just another leg in the long uptrend resulting from institutions and large investors buying in. Why is that so hard to believe? Especially after it has been discussed at length that this is precisely what would happen. Trying to analyze why it happens when the NASDAQ is down 150 is futile. It didn't make a difference when the stock was going from $2.5 to $3 and it doesn't matter now. The major buyers of this stock today are still not momemtum or rumor players...These are institutions. If you ask me we have a long way to go!

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