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Technology Stocks : ACLY- ACCELR8. Year 2000 Stock
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To: Bob Trocchi who wrote (1332)4/9/1998 11:22:00 AM
From: ThirdEye  Read Replies (1) of 1518
 
Bob: Price action today would certainly indicate new buying here in the belief that ACLY has bottomed. But if next Q earnings do not show sequential growth, and there is certainly a decent chance of that, ACLY will get whacked again just like other tool vendors have been. Short termers will bail temporarily and watch for a new bottom. Recall that there is very strong support at 12, but who knows. These days the market is merciless.

If the price approaches 12 or breaks through, knowing the history of this stock I would cover if I was short. I would certainly be a buyer at that level. I don't see single digits at year's end as CR would like. Rather, I would see a climb from that low through the end of the year. If you are intent on shorting, I would imagine a new opportunity would shortly(har, har) ensue.

So there.
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