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Technology Stocks : VerticalNet, Inc. [VERT]
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To: Exponent who wrote (773)2/5/2000 3:28:00 AM
From: Eric  Read Replies (2) of 1094
 
vert is likely to consolidate in the 200 range for a month or so, it will probably touch 200 between now and the march fed meeting, that will be a fantastic buying opportunity, that is why i think the correction to 200 will be very very short-lived, it will probably present itself as a sharp selloff and a quick recovery in the same day, once the march fed meeting and interest uncertainty is out of the way, the stock will start moving up, with the split and earning events within a month, the stock should be able to break out to a new high, a possible price target is 300 some time in april ... then the cycle will repeat itself with a new consolidation phrase back to the old break out point ...
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