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Technology Stocks : Spansion Inc. -- Ignore unavailable to you. Want to Upgrade?

To: BUGGI-WO who wrote (3282)	2/5/2008 9:51:01 AM
From: bobs10	Respond to of 4590

you: I hope they will close the gap to 3,98$ and close above 4$. This would "lock in" 5$. me: I don't think it will happen today, just too much bad news out there. 4$ is very significant as it is a psychological point that the shorts will be keen to avoid. What's happening now is a reverse version of the end of day, constant down, that the shorts were able to impose on SPSN for so long. However, since there is no coordinated up move, as there was for the down leg, the movement is more sporadic. Still, the effect is causing the shorts to squirm in the same way the shorts were causing the longs/rabbits to squirm. Payback can be vicious. However, SPSN seems to be somewhat of a contrarian, going up when the market goes down and vice versa so who knows?