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

To: JakeStraw who wrote (2947)	1/1/2001 2:25:29 PM
From: Dave Gore	Read Replies (3) \| Respond to of 3664

Jake, with all due respects charts are often far from accurate. Could a chart have predicted a 9 point rise in EXDS's stock in 20 minutes or so, as happened a week or two ago? Could it have predicted a 16 point drop in a few days? Could charts have predicted ELNT's rise from 20 to 29-3/4 last week or its fall from $45 to $20 over about a 3 week period? The answer is clearly "No". I have no problem with you, Jake, and your opinion either as I am told you a good guy but it just looks a little suspicious when people "hang around" a stock they don't believe in or have a position in. It makes it appear that they are either short or looking to buy in cheaper. If that is not the case with you, then I apologize. Regarding charts, I agree they are very necessary and useful in stocks that trade more or less "true" and are good for finding support/resistance and "pivot points", but I don't believe any charting system on earth would have predicted either ELNT's or EXDS's wild action over the last month or so, just to name two. These two stock have clearly defied any charting logic and fundamental analysis as well. PS-- I would love to hear the stocks you like, if you don't mind sharing, and what the charts are telling you. By sharing our ideas it increases all our odds of success. One charting service I use thinks that ORCL is a good bet for rising in the short term with "up" wave momentum and good short term strength.

To: JakeStraw who wrote (2947)	1/1/2001 8:46:02 PM
From: Larry S.	Respond to of 3664

Charts: - Jake, the charts of so many companies in the technology field are total disasters. and telecom, and net, and etc. With so many charts looking terrible, i feel charts lose some of their value for TA in the short run (unless the negative slopes of so many charts mean stay the hell out of techs.) EXDS chart is negative but then again, so are most of its brethren. I use charts extensively. but sometimes FA overrides TA and vise versa. I think we have to look at the macro view of the carnage in the tech area in 2000 and write it off as a pay back for the euphoria of 1999 and early 2000. Great companies are in the shitter: WCOM, INTC, MSFT, CSCO, etc. these are not dot.bomb. these are great companies that the market is treating like crap because of earnings or revenue warnings coming off very lofty levels. The economy is slowing, much wealth has been lost, the reverse wealth effect is just beginning to be felt. Companies with core positions in major industries will do very well in the future. The short term may well continue to be rocky. Then again, i am starting to find PEP (pepsi) more exciting an investment than CSCO. larry