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Technology Stocks : Aviat Networks

AVNW 24.14

-1.6%

Nov 4 3:59 PM EST

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To: Rob Preuss who wrote (215)	10/27/2008 7:12:47 PM
From: The Ox	Read Replies (4) of 312

It was not specific to HSTX, as far as I can tell. (in the for what it's worth category) I happened to be walking past a TV that had CNBC on it (right after the bell) and they were saying something like don't blame the sellers for the end of the day reaction, as there were no buyers in the last 10 minutes... but my instant reaction was Spin, baby, Spin.... like someone called down to the TV anchors and said "play down the closing drops". This made me look at a few charts once I had the chance and I saw a lot of moves like the one in HSTX. My initial reaction is to keep as much money available to buy at lower levels as you can. Nothing wrong with nibbling on new lows, with the complete and total understanding that every buy lately has been too early! Death by a million cuts has replaced death by a thousand cuts. I'm expecting trouble through the end of the year, with the probability that we'll continue with market weakness into next year. I certainly hope I'm wrong but I'd rather be cautious then too aggressive here. jmo TO

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