Emulex, What Prospects? Message Board

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Technology Stocks : Emulex, What Prospects?

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To: WTMHouston who wrote (675)	8/28/2000 10:26:46 AM
From: Boplicity	of 788

Everyone it's water under the bridge, it's time to move on. Below is my current thinking on EMLX stock action wise. I believe EMLX is stabilizing right around 100, I bought a little. Many people over the weekend thought about selling to realize their recent gain. The stock will have to absorb the selling by the weak hands, a week should do it, maybe sooner. Granted the psychology surrounding the stock has been damaged, but nothing has changed fundamentally, so the story and reason for the recent gains before the artificial drop in EMLX are still intact. So in sum, once the short term selling is absorb the stock should resumes it's upward move. Greg

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