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Technology Stocks : Xilinx (XLNX) -- Ignore unavailable to you. Want to Upgrade?


To: Scott Violette who wrote (1651)1/23/1998 5:19:00 PM
From: Frank P. Lee  Respond to of 3291
 
Why does lower volume have to be bad?

Scoot,
Just means that Fidelity and other momentum investors have already cleaned out the stall in December. Probably means they've done their damage. They'll be back when guidance (which was really not bad in the wider scope of things) is better and will lift all boats. Call me crazy but I think the stocks are bottoming out. It's not that big a deal but versus the S&P 500 YTD(on a price a basis only), XLNX +2.5%, S&P (1.3%). Same for the SOX: SOX +3.0%, S&P 500 (1.3%).

Franc