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Technology Stocks : Ericsson overlook? -- Ignore unavailable to you. Want to Upgrade?


To: Sawtooth who wrote (1495)4/22/1998 7:27:00 PM
From: alan james geik  Read Replies (1) | Respond to of 5390
 
I'm a long time holder of ERICY...since before the last split (4 for 1). Several times since the split there have been negative reports and the stock would sell off, regardless of the weekly contract signings. Inevitably ERICY would soon continue its climb.
Recently there has been a very nice runup, partially due to the pending split and more importantly because of its market leadership. The stock was due for profit taking and I assume today's small hit was a result of just that. Not everyone holding ERICY is in it longterm. Many traders happily captured their profits and moved on.
I ignore these short term moves. ERICY has been a great stock and will continue to be one.
Just My Very Humble Opinion
Good luck
Alan