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Technology Stocks : XLA or SCF from Mass. to Burmuda

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To: H James Morris who wrote (471)4/30/2000 1:06:00 PM
From: Rogue French Trader  Read Replies (1) of 1116
 
>Xla went from 1.50 to 225 and now sits at 87.50
I agree that there is alot of momentum here.
The parabolic upmove in XLA is what I'm interested in. Extremely difficult to find the top, but usually, once it is decisively broken, will lead to further losses.

finance.yahoo.com

Dangerous business, but making money in this market has never been easy for me.

Regarding the technology itself: I don't know too much about it, but it kind of reminds me of the hype that was pushing Ampex a few years ago (AXC). They were involved with some mega storage hard drive technology but the price of drives kept declining so it was cheaper to just add more "regular" drives. I see network bandwidth concerns as potentially having the same outcome.
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