Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: BillQ who wrote (479)	12/23/2000 9:17:46 PM
From: minorejoy2000	Read Replies (2) \| Respond to of 770

I feel compelled to respond, though I don't know enough about TA to answer your question and don't know what time frame your question relates to. (I do wish this thread would liven up, but actually, it's better than it was). Someone recently posted he'd shorted because the chart said it was going to 41. Well, it may be coincidence, but that's where it is now. So it's dip to 27-28 was maybe a great opportunity to load up. I most recently got more at 37 1/2. Sometimes I'm amazed at what some of the really good TA folks can do. When I'd last purchased at 119 the day of the earnings report (because I'd expected Extreme to do what Juniper had done), and then watched it fall to 88 AH, I asked Casauban to look at the charts. At the time I asked him, it had come back to the lower 90's. He said that because it ewas widely followed, it should have a technical bounce to 105 and then retest support at 88. If it support failed, he saw 60's. I was amazed when I saw it go to almost exactly 105 before turning back down. I think 88 held the first time. I was heartened that it reached 72 late last Friday. My gut feel is that it may take a while, but it's in the right field with the right product and sales force and will take the lead once again after the market sentiment changes. I just hope reduced market cap doesn't prevent them from being able to take whatever expenditures are needed for R/D, expansion, etc. Short term, I see up through Dec 29, maybe continued up through mid Jan. Reaction in the general market to a cut/ no cut/ magnitude of cut by the Fed in late Jan may wildly swing the price up or down, and I don't know which it will be. Longer term, 2-3 years, this is a pretty bargain basement price because...new economy/ tech revolution(?)...you aint seen nothin yet. M