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Technology Stocks : CLRS Company Status/Future
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To: Lane Hall-Witt who wrote (120)4/2/2000 10:21:00 PM
From: Original Mad Dog  Read Replies (1) of 128
 
I sold some of my position yesterday morning on the brief strength.

Lane, I didn't sell any of my position, though I was tempted. My rationale was that the selloff was emotionally driven by factors which, upon reflection, do not apply to Clarus. When that happens, a retracement of at least 50 percent toward the previous high is not uncommon. The wild card is whether the market as a whole keeps rotating out of techs. We have to retest the recent bottom again, probably this week or next, before we will have more information on that.

In the meantime, I would not be surprised to see CLRS reach as high as 95 or 100 this week. I would be interested to know when you decide to reestablish your former position.

Regards,

MAD DOG
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