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Technology Stocks : XeTel
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To: Ken Ridge who wrote (107)11/24/2000 10:17:20 PM
From: Bruce A. Brotnov   of 118
 
Ken, they reported .10 last quarter which was less than .16 the previous quarter. They also indicated some weakness in some components or something along that line and anything that is not sky rocket positive hurts stocks.

I am not pleased with XTEL at current levels and in fact cut the last of my holdings last Wednesday. I still had some nice profits but would have been better off if I had read the earnings report comments a little closer. However, everything has been pulling back in November it seems, esp the small caps so this has also contributed to the pull back.

Let's get a pro-business president elected and we'll see most of the pull backs bounce back nicely. Otherwise you might as well buy the green stocks and kiss the surplus good bye. I suspect the surplus is going to disappear this year anyway with all the tax losses to report rather than capital gains thanks to Mr. Greenspans desire to see the economy slow down and people laid off. Doing very good at this.

Bruce
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