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To: Jorj X Mckie who wrote (2779)7/2/2002 4:22:31 PM
From: Logain Ablar  Read Replies (1) | Respond to of 2850
 
The company has a few big IF's

1) IF we are starting an upgrade cycle to 2 gig FC.

2) IF they are able to block BRCD with their patents.

3) IF the economy has bottomed.

4) IF IT spending comes back.

5) IF they make the quarter but actually its more the guidance for next quarter.

Personally I was hoping for a retest down to $7.6 area but felt if we have a two to three week rally this should move towards the 100 ema just under $11.

I'm starting to lean towards the theory everyone is expecting capitulation now so we should have a technical bounce

BWDIK