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

To: Jane4IceCream who wrote (2959)	1/2/2001 9:57:55 AM
From: Sarmad Y. Hermiz	Respond to of 3664

>> EXDS being shorted heavily. Great. I'm buying.

To: Jane4IceCream who wrote (2959)	1/2/2001 10:05:04 AM
From: Tim Luke	Read Replies (1) \| Respond to of 3664

how do you know ?

To: Jane4IceCream who wrote (2959)	1/2/2001 10:05:16 AM
From: Dave Gore	Read Replies (1) \| Respond to of 3664

Yep, as I said yesterday in a post, I wondered if they would try to move this down more. When the more inexperienced investors expect something to go back up and it doesn't, even more are panicked out. Expectations management needs to be figured into your game plan. It is curious why this stock was targeted for shorting. There are certainly far far better choices for shorting in sectors where growth is far less robust than the predicted 400% rise by 2003 predicted by Forrester Research. But it is what it is. I don't believe there are any legitimate reasons for this fall. You rarely see a 9 point rise in 30 minutes to $35+ (like we did a week or two ago), then a 52% drop almost immediately in a week or so. I have seen the same action in other stocks like ELNT, which had partly recovered) but this one is really bizarre. All we can do is take advantage and buy the dips, sell, stand pat, or short it ourselves. To each his own. I never buy my whole wad at any time, but average down in stocks in which I believe. I am looking around 17 for another round of buying if we get there but that is partly determined by what the NAZ is doing as well. Not a great start is it?