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Strategies & Market Trends : Playing Hammered Stocks for a Bounce, But How?

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To: BamaReb who wrote (15)1/20/1998 6:33:00 PM
From: JEFF CHAPMAN   of 159
 
Well what ever the news is, they'd better explain the drop some how or else it will become a self fullfilling explosion. Why the underwriter hasn't come out with defensive comments to support the stock or provide a floor seems crazy to me.

I think that the price limit should be raised up the bar for importance, as I'm seeing these cheap stocks that are tanking failing to get any noteworthy support. That being said, I promise no imaginary trades of HCOM on Wednesday, no matter how bad I want to play what could be a big bounce ;)
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