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


To: L.B.Nguyen who wrote (2182)1/16/1999 2:36:00 PM
From: Sherman Chen  Read Replies (2) | Respond to of 3291
 
Linn, I would never short XLNX, not even at this level. I know someone who just covered a short position on XLNX after losing $35,000. If you think it will go down you could buy some puts, but if it does go down I don't think it will stay down for long. I think earnings will be just fine, with a very positive outlook for the coming quarters. I just bought some XLNX with a limit order at $62 the other day on the big dip. My original reentry target had been $48, but I gave up on that a long time ago. Good luck.

Sherman