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Technology Stocks : Emulex, What Prospects? -- Ignore unavailable to you. Want to Upgrade?

To: Yak-attack who wrote (271)	3/29/2000 6:05:00 PM
From: Lucky888	Read Replies (3) \| Respond to of 788

EMLX -- Just talked to the EMLX PR person. EMLX is currently in the quiet period and that's why they could not comment on the analysist's downgrade. I do think EMLX will beat the quarter estimate and I have brought so many shares today and yesterdy that I am having EMLX coming out of my wazoooooo.. L.

To: Yak-attack who wrote (271)	3/29/2000 6:39:00 PM
From: Guy Gordon	Read Replies (3) \| Respond to of 788

RE "insane not to buy EMLX..." No. You might just be cautious. For example, we closed at the low of the day. That usually means more selling tomorrow. Second, we broke the up-trend on heavy -- no, extrememly heavy volume. Third, the PE is still insanely high. Fourth, the 200-day Moving average is a mile down at 81. (No, I don't expect it to go that low.) I'm just not going to try to catch a falling knife. That's not my trading style. I can't tell you where the bottom is for EMLX. I can't even tell why it's trading down. So I don't know when to buy.