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Technology Stocks : Cadence Design Systems

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To: c. carlson who wrote (642)	5/9/2000 5:12:00 AM
From: dr_elis	Read Replies (1) of 668

Yesterday was pretty remarkable, basically all the stocks I follow deep in the reds with one exception: CDN! I entered at 17.5 Euro and would not mind levels above 20 at all. The general market behaviour however is darn irritating, I have no experience with doing business in a bear market. My feeling is, that given the interest rates are going up, we face difficult times (high volatility) and less support for high valuations. I try to take whatever profit comes up these days and consequently increase my cash position. CDN seems to resist the downtrend is a reasonable holding. Cheers Michael

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