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Strategies & Market Trends : LastShadow's Position Trading

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To: Devil's Advocate who wrote (5360)	1/5/1999 9:19:00 AM
From: Jay Lyons	Read Replies (1) of 43080

But while money managers focus on the usual suspects, Briefing.com more interested in movement of Xylan (XYLN +1 5/16)... Last year's laggard shot up more than 7% in active trading... Lingering anxiety over earnings outlook and tax-related selling kept stock under wraps until just recently... XYLN now testing critical resistance in the 20-21 range... Penetration of this ceiling would leave little followed firm well positioned for intermediate-term test of the 25-27 area... XYLN expected to earn $0.83 in FY98 and $1.05 in FY99... 26.5% year/year earnings growth warrants better than an 18.5x multiple, don't you think?

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