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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: JDN who wrote (759)7/9/1997 2:22:00 AM
From: Jeffrey S. Mitchell   of 10786
 
Re: The Ups and Downs of ALYD's Stock Price

Mad Monk doesn't call Market Makers "Market Muggers" for nothing. Buying BB stock is like playing poker with a dealer that can see all your cards.

I think it's safe to say that anyone who thinks they are playing it safe by using a stop loss with ALYD (especially during low volume days) is just asking to get burned. Conventional wisdom dictates you should buy on the dips, but these intraday dips have been so quick I wonder how many trades at that level were non-MM buys.

Just as we all wish we could buy some shares at 10 again, I think in a short while when the stock pushes past 30 we'll all wish we could have bought more at 20. Don't forget it was less than three months ago when the stock dropped from 11.75 to 8. In other words, don't sweat the small stuff.

- Jeff
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