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Technology Stocks : ACT NETWORKS
ANET 129.83-0.6%Jan 16 9:30 AM EST
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To: Stock Guru who wrote (1464)8/5/1997 1:54:00 PM
From: Jeffrey L. Henken   of 2326
 
If you stop and think about the stock price in relationship to where you made your original purchase. 12 3/4's? We are sitting right at the low end of the resistance area from where the stock was trading before earnings were announced. If we get through it and close above 13 then it's a whole new ball game again. My feeling is that it might take a week or so to do that, as we are bleeding off the remainder of the old disgruntled shareholders. Relax, as I've been saying all along management has manipulated this situation to benefit themselves. Ultimately we benefit too! Regards, Jeff
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