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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 695.41

+0.5%

Feb 2 4:00 PM EST

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To: Logain Ablar who wrote (41065)	4/16/2004 11:25:39 AM
From: Johnny Canuck	Read Replies (1) of 70386

The comment on the LEXR conference call was that the sooner than expected price drop was SNDK clearing their excess inventory. No sure I buy LEXR management comment that prices of NAND Flash sold by Samsung will fall exponentially to meet the decline in the ASP at the retail level in order to restore gross margin. It like the the street is not a believer either. LEXR is down 7 points in 2 days. This stock is damaged goods. I don't think they will getting any traction soon.

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