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Technology Stocks : XO Group Inc
XOXO 34.990.0%Dec 20 4:00 PM EDT

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To: Tom Caruthers who wrote (123)8/9/2008 4:05:21 PM
From: Glenn Petersen  Read Replies (1) of 133
 
Tom,

KNOT may not bottom out until after the tax selling season. They had another disappointing quarter and the stock traded as low as $6.58 yesterday, down $2.26. It subsequently recovered and closed at $8.22. Unfortunately, I was out-of-pocket most of the day, otherwise I would have tried to take advantage of the sell-off.

They are still sitting on $110 million in cash and long-term investments.

I don't know where the bottom is.

The second quarter press release:

biz.yahoo.com

The two-year chart:

finance.yahoo.com

Regards,

Glenn
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