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Technology Stocks : Spectrian Co. (SPCT)
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To: Richard Tuck who wrote (372)10/7/1997 7:24:00 PM
From: Thomas C. White   of 738
 
Well, I think it's probably important to keep in mind that there is simply an entire class of investor (including some pretty big funds) that will sell first time they think a company will "meet" expectations rather than materially exceed them, and when they see a reversal in price momentum. However, these same investors will get back on the train when they anticipate an end to downward or sideways movement. Realistically, it's these types of investors that had a lot to do with the huge move that the stock made in the last month into the 60's. You get some bad with the good when it's going the other way.

I sold off the last half of my holdings about 10 days ago -- If it trades sideways for awhile I think I would be tempted to hop back on.
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