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Technology Stocks : Xylan
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To: Tim Luke who wrote (2836)10/15/1998 10:49:00 AM
From: JH  Read Replies (2) of 4135
 
Thread: it appears that $14 represents resistance (3-month downtrend line).

Have position at cost of $11.46. Placed order to sell 1/3 @13-3/4 and another to sell 2/3 @$13-7/8. Will result in profits of 20.7%, and that's good enough for two day's work.

Will repurchase again when resistance is decisively broken, though it may require foregoing a fraction of a point amidst the ensuing buying frenzy.
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