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Technology Stocks : ARXX

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To: lilbully who wrote (18)3/28/2001 12:15:18 PM
From: lilbully  Read Replies (1) of 29
 
ARXX followed the Nas down in Feb. but didn't follow it back up in March. There are some strong technical indicators showing up here, Even in the last 3 down days indicators remain strong.
I think it will take alot of work to clime out of this hole. Buyers who got in at $25 or $30 that rode it down to $8 will be unloading at $15. Buyers at $8 or $10 will be unloading at $15. So how do we get past $15.
A trendline drawn thru the center of arxx's average price since late 1991 when the uptrend began, lands at about $9.
I'm a rookie, but at todays price this looks like a good play short term to $15.
Is anybody out there who knows any recent history. Contracts gone good or bad?
I'm interested in anybodys input.
Mike
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