Stratex Networks, Inc. (STXN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Stratex Networks, Inc. (STXN)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lutz Moeller who wrote (891)	3/30/2000 1:35:00 PM
From: Rob Preuss	Read Replies (2) of 1762

This drop hurts a lot on paper, but its not so bad in reality. While the price is down quite a lot, the total volume is fairly light. Folks on the Yahoo! thread report that relatively few blocks larger than 5000 shares have traded today and that NO blocks larger than 15000 shares have traded today. What that means is that there is no institutional selling. What I think may be happening is that many individuals are getting hit with margin calls and are being forced to sell at these low prices. I expect we'll see the institutions come in late this afternoon (and/or tomorrow) and start buying shares from nervous investors at these sale prices... then the price will rise again and things will return to normal. In fact, I expect we will see the price run up over $50/share as we approach the Q4 FY00 earnings announcement in April. Rob

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next