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Technology Stocks : Veritas (VRTS)
VRTS 159.59-0.4%Nov 28 9:30 AM EST
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To: Marq Spencer who wrote (525)7/18/2001 7:29:03 AM
From: chojiro  Read Replies (1) of 742
 
This puppy is dead for a while.

Dead or dead money?

Last night I did some trendlines on a monthly chart.

IMHO, if 40 doesn't hold, could be a quick slide to the low 30s- upper 20s. That would take us back to only mid '99. Not very encouraging.

Albeit, that is a big drop off from where this stocks highs were, but if you take into consideration this statement

Veritas' Bloom, however, was clear in his outlook: while he thinks his company is gaining market share and becoming stronger against its competitors, business has diminished significantly from the heyday of the Internet boom.

Is it illogical to think maybe, just maybe the chart revisits at least the '98 lows? Probably; because if so, we're looking at a $10 stock.
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