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Technology Stocks : Exodus Communications, Inc. (EXDS) -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (2938)	12/31/2000 2:38:54 PM
From: Larry S.	Read Replies (1) \| Respond to of 3664

Dave, thank you for your input. I concur with your analysis of EXDS and its position in a very strong web area - infrastructure and corporate web sites, not dot.bombs. I have followed Jake Straw's postings for quite a while and he is an honorable fella. I believe his questions had to do with quality and value, and questioning EXDS's qualifications therein based on standard measures. you might check out this thread to see what i mean: Subject 31997 long on EXDS and hoping to buy more while it is on sale here in the low 20's. larry

To: Dave Gore who wrote (2938)	12/31/2000 2:43:38 PM
From: Dave Gore	Read Replies (1) \| Respond to of 3664

STRONG Buys = 23, Buys 6, Hold 1 --- Does it strike you as strange that a stock falls from $35 to $19 with no negative news in a week? Of course it does. The MORAL is this: We all have to realize that stocks do not trade "purely". EXDS is a great example of that. It ran from the mid-20's to mid-30's in minutes a week or so ago. Yes about 9 points up in half an hour! A "Panic Buy" scenario was instigated by the MM's because of Exodus's inclusion into the pristigious NASDAQ 100 index. The reverse has happened lately, albeit slower, in an attempt to most likely drive some longs out. While the previous was a PANIC Buy, this is more like a slow death which can be a very effective technique to use on day or swing traders who have little patience for holding their positions more than a day or two. Many also took tax loss selling before the deadline, most likely those who bought during the panic buy. I have watched another quality company (ELNT) with very reasonable PE move from the mid-40's to about $20 in the last few weeks. Again, no negative news. After finally sucking out the weak sellers, the stock finally moved from about $21 to almost $30 (at the high) last week. One more thing- look at the chart a few weeks ago and see the sudden PANIC SELL on EXDS (again, for no reason at all it dropped from about $25 to just under $20 (apparently to take out stop loss limits just below $20) before it ran right back up (again on no news). It's all a game folks...and a very tricky one at times. Emotion is your enemy. Use your own judgement on EXDS. It could go lower or higher short term (esp. if shorts cover) or base here for awhile before hopefully going up substantially. That's my opinion based on the logic that stocks do not drop like this and stay down on no negative news, especially with 23 Strong Buys and their presence in a super strong growing sector that they dominate with nearly 400% revenue growth over last year.