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Technology Stocks : Stratex Networks, Inc. (STXN) -- Ignore unavailable to you. Want to Upgrade?

To: Czechsinthemail who wrote (1064)9/14/2000 2:19:35 PM
From: Rob Preuss  Respond to of 1762
 
Yes... we are getting hammered.

We started out well... with a good price rise. But
we couldn't hang on to it and floated around yesterdays
close for a few hours through mid-day. In the last hour
the price has plummeted and trading volume has soared.

The only company-specific news I know of is good... see
my earlier posts today.

The only thing I can think of is that there must be some
general (not company-specific) news that's spooking the
markets... and we're getting caught in the downdraft.
The NAS appears to be up but the DOW is down almost 100.

If you learn anything... please post it!

Rob



To: Czechsinthemail who wrote (1064)9/14/2000 2:54:27 PM
From: Rob Preuss  Read Replies (2) | Respond to of 1762
 
Folks on Yahoo! are saying this is due to
options expiration tomorrow. I placed a
call to Dan Spaulding of STXNs IR dept.

408-944-1817

His assistant said she was not at liberty
to discuss this with me... I left my number
for Dan to call me back, but I have a meeting
to go to now and I won't get back until after
the market closes. We're presently down 3+5/8.

OUCH!


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