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Technology Stocks : USRX
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To: drmorgan who wrote (10848)2/10/1997 2:38:00 PM
From: Jeffery E. Forrest   of 18024
 
Derek, as to volume. Obviously ALL the networkers are getting creamed today. MOST are getting creamed on HUGE volume.

Compared to the others and considering all the pandemonium, I think USRX has held up pretty good "SO FAR".

The volume seems to have slowed considerably since earlier. We have sellers dumping ANYTHING and EVERYTHING that is associated with networking.

Buyers (of USRX) are most likely standing by the side until the dust settles, so the downward move is being exaggerated.

IMHO, EVERYTHING revolves around x2 deployment. Ole 49er made an interesting comment that reinforced something I had been thinking.

9'er said that this time it would be a "buy on the news" situation, instead of the usual "sell on news scenario".

I had been thinking the same thing. The stock is already depressed bigtime. It's been held back by all the uncertainty and misunderstanding surrounding x2.

Unless x2 turns out to be a flop and doesn't work or something (NOT!!) then I think most buyers who are taking a "wait n' see" on USRX will be piling into the stock in droves and the price could show some huge moves.

With the HUGE volume I see in Cisco, 3Com and others, I wouldn't be buying them, YET.
USRX has a compelling "fundamental" story. I'm betting on it keeping us above water.
Todays close will tell us ALOT!

Jeff
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