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Technology Stocks : Xerox (XRX) -- Ignore unavailable to you. Want to Upgrade?


To: David R. Schaller who wrote (273)7/28/2000 4:23:51 PM
From: Yogizuna  Respond to of 431
 
Dave, The charts still look good for bottoming action in here, but now I just hope the broader market does not spin out of control do the downside here, which could help to make XRX "dead money" for awhile..... The gaps north of 17 and 22 still should eventually be filled in though, which would make for some nice profits for bottom fishers. I held off buying in today, but may do so on Monday or sometime next week. Have a great weekend! Yogi



To: David R. Schaller who wrote (273)7/28/2000 4:39:19 PM
From: John Koligman  Read Replies (1) | Respond to of 431
 
David,

If not the bottom then within a couple points. I also think if you are trading it that you may not have to wait six months for a pop. I'm thinking back to just before the time Thoman resigned. XRX stock went from around 19 to 29 (briefly), and that was at a time that things were getting worse internally. So, as people start to look at 2001, and at the probability of management actually being correct in regard to what they just said about the end of the year, I think you could see a healthy move just on such anticipation.

Regards,
John

PS - Of course this assumes at least a somewhat healthy market per what a prior posted said...