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Technology Stocks : XIRCOM (XIRC) 5/16/95 @ 16-1/8
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To: Jerry Keba who wrote ()8/28/1998 3:06:00 PM
From: ItsAllCyclical  Read Replies (1) of 1096
 
Still time to short, anything above 21 is pretty good, above 22-23 is great. This baby will at the very least retest it's 50 dma around 17-18. More likely it'll retest it's 200 dma at 14-15 if this bear continues into fall.

Short into rallies - not just xirc either.

Yes xirc might be on a roll, but it's ahead of itself especially when compared to other techs in the same sector. Now that momentum is gone nobody is gonna buy a 20 PE hardware stock when they can get some for book value.
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