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Flextronics International Ltd. Message Board

  • crapped crapped Mar 20, 2003 10:16 AM Flag

    question ,comment

    I do not have position in may stocks at this time. I love to watch this stock. I want a position in this stock but waiting. Flex is poised to be a big gainer whne the market goes up. It is impressive hoe this stock has held up the last 2 months. Flex has been building up a base between 8.50 and 9.50. I would like comments on the war and this stock Will stocks just go down that the war has begun and will FLEX go down with the market not because of fundmantals?? Honesty will Flex hit 8.50 and get ready to rebound at any good news?? Not ready get in but will at anytime of weakness. FLEX is awesome. Anyone is dreaming if you think FLEX is going down $2.

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    • FLEX has real strong support at around $8.50. It also has strong resistance at around $9.50. I think right now this is because of options expiration tomorrow. The MM's may want to keep it below $10.00.

      You're right, FLEX will never see $2.00, $4.00, $6.00 and I even doubt will see $8.00. The only thing I can envision FLEX at low $8's is if something terrible happens in Iraq. On the other hand, if we see great progress in this war, we will probably be above $10.00 next week.

      The best thing to do right now is to try to scalp $0.25 to $0.30 a day, and stay cash the end of the day. Dr. Doug has posted some good trading times on FLEX; see some of his posts.

      By all means, you make the decision and this is just my opinion.

      Good luck to you.

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