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Technology Stocks : Xylan
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To: John Finley who wrote (3437)11/14/1998 5:22:00 AM
From: Glenn  Read Replies (1) of 4135
 
That actually wasn't a bad call in my opinion.
I like xyln a lot but i think the next 4 days are risky (note that xyln is the safest stock I've seen).
given you made a bunch, its wise to sit on the sidelines.
The market has been full of issues this week. There is a series of hurdles that must be achieved to keep the rally going.
First hurdle is done. The IMF will bail out SA.
Next one is Iraq. God who knows. (I think that will affect the market too)
Third one is Greenspan next week. He wont lower the interest rates.
That will have an impact.
The next is Dell which is lower by 10 percent or so in the last two days.
Lastly the dow is up
smiles
Who knows? My position is wait a couple of days and see what happens.
A lot of free cash would be useful if panic selling happens again.
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