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Technology Stocks : NewCom (NWCM)
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To: Ralph Ulisse who wrote (271)2/11/1998 5:21:00 PM
From: wlheatmoon  Read Replies (1) of 662
 
Ralph,

Fundamentally--ignore shorts, MM's, the moon and the tide.

This company has good earnings with excellent projected earnings. It just aligned itself with a company that may need 200,000 new WebPal. That ain't too bad.

Projected earnings growth is 100% for next year.

So, this is an easy buy and hold for me. Sure, I will trade in and out if it skyrockets due to shorts/MM's/El Nino. I'm not too concerned about the decline today and yesterday. Some small investors taking profit from the recent run-up.

I don't have data on the size of the blocks going off, but it never seemed like much from looking at the ticks.

So, I'm comfortable with my holdings and will buy on dips and sell when this thing hits around 20.

Again, trading isn't my vocation, so I just dabble (like you).

Good luck.

mike
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