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

To: 10K a day who wrote (467)	12/21/2000 9:01:11 AM
From: Jerry Miller	Respond to of 770

the environment being what it is, and looking at the chart, i think i'd have to agree.

To: 10K a day who wrote (467)	12/21/2000 10:29:32 AM
From: r.edwards	Respond to of 770

Cast out the Demons !

To: 10K a day who wrote (467)	12/21/2000 11:06:20 AM
From: Ray Rueb	Read Replies (2) \| Respond to of 770

EXTR not going straight to 17 My charts were screaming 41, but we blew past that. Right now I expect us to "stabilize" for 2 days at some price, so the folks on margin can get forced out of their positions and shake loose some shares, then a 20% move up (right now that's six points) on a "dead cat bounce" to get some "bargain hunters" to throw money at the stock, then it goes down to 17 (if it does continue to move down, my charts only predicted 41). Thanks to After Hours traders for letting me know to cancel my GTC buy to cover at 46 and let me get some extra. Actually, the GTC would have gotten me out at the open of 33, not too bad. I feel sorry for the guy (BillQ) who bought more at 55 just a couple of days ago. I've been on that side of drops like this before, and it made me feel like there was something wrong with me. It was days like that that got me motivated to learn about trading short side, as well as long side, to balance my portfolio. True balancing, different from diversification. Well, maybe the dead cat bounce will coincide with a one day "Santa Claus rally" on Friday. You all be careful out there Ray