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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (28494)	8/11/2000 7:24:19 AM
From: Clappy	Read Replies (3) \| Respond to of 35685

Hi RR, "Extreme Networks" appears to be an appropriate name. After reviewing their chart I see they went from $42 in the last week in May to $160s just this week. Then I went to Yahoo to see if I could find any incredible news to help it's rocket ride over that time period. I really haven't found any mind blowing news or reports. There was actually a large gap in it's chart, set in the 1st week in June. Not a stitch of news there or any technical indications leading to a reason for the jump. There was news in July of EXTR setting a split for AUG 24th. Perhaps this is why it has continued to power upwards. I'm just wondering when will the profit taking occur? Often these long runs will retrace 1/3. 1/3 of a 120 point run is approx. a 40 point drop to the 120's. A drop to it's 20 day moving average would bring it down to the low 140's. A drop to it's 50 dma would bring it under the 120's. An unlikely free fall to it's 200 dma brings it to 90's. There seems to be a lot of downside risk. With a growth rate of 400% in 2 1/2 months, I'm wondering just how much further this stock can travel. Here's a chart to show the picture: stockcharts.com[L,A]DACLYYMY[DC][PD20,2!B30!B50!B200!F][VC60][ILB14!LG!LA12,26,9!LH14,3,3!LK14!LI14,3!LM12] I just can understand why this one has climbed so far. Perhaps they are being romanced into a possible merger or buyout? How much of a dip are you looking for before you enter EXTR? -Clappy