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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Return to Sender who wrote (28071)9/9/2000 12:19:23 PM
From: Return to Sender  Read Replies (2) | Respond to of 68356
 
Someone asked about Gigabyte Ethernet stocks a few days ago because of the move in LNOP. It scares me to buy stocks like these in hot groups because everyone else has already bought them leaving the stocks at risk of major correction if the group falls out of favor. Might be worth watching to see how these stocks do going forward. Fundamentally the sector looks great but then so does the DSL Equipment Maker group and we all know how poorly the stocks are performing now.

EXTR closed at 86 1/4, down 8 7/8's on Friday
GALT at 27 1/16, down 1 3/4
LNOP at 29 9/16, down 1 3/16

finance.yahoo.com

Are these stocks down just due to profit taking in the market? Can they continue a run higher in the future if the market rebounds or are they due for more profit taking?

RTS