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Technology Stocks : ACT NETWORKS
ANET 132.45-1.3%3:59 PM EST

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To: Jim Goodman who wrote (2116)12/3/1997 2:38:00 PM
From: Jim Goodman  Read Replies (1) of 2326
 
been away the last 2 weeks, and, obviously, had to cut quick, small loss on ANET, when it broke support suggested below $ 9., so no damage....am still going to cont. watching it out of corner of my eye, and, when/if it forms an "exhaustion bottom on higher volume", it may shape up again....many depressed Techs forming same pattern, and likely pot. tax-selling bounces are ahead, but I need to see a better bottom formation first....congrats to those of you who stayed bearish from 9. recently....it just shows, that having a ton of cash is not always a good future price predictor, by itself....FYI, I also had WKGP, similarly, recently, for a small loss, with it's tons of cash ....this loss is rare, but we never fight the tape, nor the break.... best wishes to all,
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