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Technology Stocks : TLAB info? -- Ignore unavailable to you. Want to Upgrade?


To: Farfel who wrote (5716)6/21/1999 6:37:00 PM
From: Doughboy  Read Replies (2) | Respond to of 7342
 
joej, from my perspective, you're taking this a little too personally. Katherine made a flip comment that if all analysts agree on one position, then it's time to sell. I took it in the sarcastic way for which it was intended. There is no need to constantly repeat ad nauseum that she told the thread to sell, because that's not what she meant. Chill out.

Doughboy.



To: Farfel who wrote (5716)6/21/1999 11:04:00 PM
From: llwk7051@aol.com  Read Replies (2) | Respond to of 7342
 
Joej, You need to reread my post. 20 to 30 % correction from highs is what I mentioned. It has happened in the past many times. The post didn't even indicate that I thought a correction was going to happen this time. I only speculated as to whether the old pattern would happen again. Also,I stated I wanted to be mentally prepared to ride the course if it did. I did not mention 50%(been there, done that and did not like it). It has dropped 20 to 30 percent many times over the years I have owned the stock. Note, I said years. If you think the market is so rational, why did Tlab drop to low 30s last fall?

The following is what I wrote. Look at the chart and you can find the same pattern I did prior to last summer.

"As for tlabs price movements, it had a very distinct pattern over the years. In fact, until last summer you could almost predict the next high and low in between. Generally highs were about 40% above previous highs. The stock would then move in a sideways to downward trend generally losing 20 to 30 percent of its price before once again moving to a new high. I haven't studied my chart on this for a while so my numbers maybe slightly off, but I wonder if the trend will return?"
Good luck to all,
Robert D.