Ericsson overlook? Message Board

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Technology Stocks : Ericsson overlook?

ERIC 9.540

+0.4%

Nov 26 3:59 PM EST

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To: ancient trader who wrote (3220)	5/13/1999 11:58:00 PM
From: Robert New	Read Replies (1) of 5390

Ancient....In light of the earnings warning regarding the first half of 99 and earnings estimates trimmed for FY99 this trading malaise is much anticipated. However during the second half of the year I would expect things to pickup with new product intros, restructuring taking hold, etc. Technically the stock needs to break its next area of resistance which is at 29 in order to test its old high at 34. In order to break 29 it will probably take some sort of catalyst...e.g. some good news with accompanying volume to push through the 29 area. Technically speaking Ericsson is building quite a base so that when it does finally break to new highs it could be a significant move. Ive personally held ERICY for 3+ years and have tripled my investment so no complaints here....QCOM notwithstanding...:))) Good investing to all...

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