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Technology Stocks : Stock Swap

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To: Andrew Vance who wrote (9704)	11/20/1997 11:56:00 PM
From: Trader X	Read Replies (1) of 17305

So why in HELL did the stock and others in this equipment sector fall precipitiously. At the risk of stating the obvious, I will... the stock and others in this sector rose precipitiously. There is no other explanation than this. I suppose one could call this the zig-zag thoery of stocks. Those that rise too swiftly, fall also swiftly. The converse is true as well. Case in point, KR, Kroger Food stores. A real yawner. Slow to rise. very slow. But look at the chart. It just keeps going up. No downside. quote.yahoo.com better yet: quote.yahoo.com Anyway, talking about AMAT, which rose from 15 to 54 the past 52 weeks, one can hardly complain about a drop back to $30, still a 100% gainer even after a correction of 40%. -Kevin

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