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Technology Stocks : Stock Swap
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To: Trader X who wrote (12108)2/17/1998 11:12:00 AM
From: SE   of 17305
 
Talk about dealing with failure....PESC. Should have been a solid bottom formation. Good buy at the 21 level on the way down from 23 - 23.5. Seem to hold up on the support line nicely and then BOOM....forget about it. High volume, much lower stock and stopped out. Shit. Bad trade. They are announcing earnings tomorrow...my guess is that they are not good based on the stock action the last few days.

-Scott

PS - I would not classify ALYD as a failure...yet. It is holding support and should bounce from here.
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