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Technology Stocks : Andrew Corp.

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To: Jean Muehlfelt who wrote (12)	12/9/1996 10:32:00 PM
From: Al Van Putten	of 34

I saw no new news beyond the AG remarks of last week. It started strong this morning looking like a reasonable day and then tanked for the morning. It tested support shortly after noon and by 12:15 it settled down and traded in a very tight range for the entire afternoon (with the exception of one trade). About 70% of its volume was this afternoon. The fact that it tested support and bounced on heavy trading would indicate to me that there was profit taking amongst the traders with plenty of buyers doing some bottom fishing. Absent negative news on the company tomorrow, I would look for the stock to begin to rise again. Probably time to buy to pay for that remodeling. Think it should hit 90 by April.

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