Flextronics International (FLEX) Message Board

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Technology Stocks : Flextronics International (FLEX)

FLEX 62.50

-1.8%

11:43 AM EST

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To: Judy Muldawer who wrote (1085)	4/16/1999 10:36:00 AM
From: kolo55	of 1422

Looks like someone wants out. The trading pattern seems to be consistent with a large seller. The volume is large, but not really as large as it should be, given the size of the declines. Something has chased potential buyers to the sidelines, and my guess is that they can see that its primarily 1-2 large sellers. They'll wait until the seller(s) run out of steam before they jump in. This is my opinion, and of course someone else could come up with other interpretations. The earnings are due next Thursday, and should be good, with better forward looking statements... But perhaps a large holder has some nice gains, and doesn't want to hold through the report. Another possibility is the momentum based buyers who jumped in and drove the stock from the low 40s to 56, are leaving. These mo guys are prone to these kinds of sudden exits, when the price starts dropping. The stock is now very favorably priced with regards to its peers in the sector, and I replaced the trading shares I sold recently on the run-up. Paul

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