Paychex (PAYX) Message Board

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Technology Stocks : Paychex (PAYX)

PAYX 111.18

+0.6%

Jan 16 9:30 AM EST

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To: Jeff Bond who wrote (158)	6/15/1999 5:32:00 AM
From: Jim Garrison	Read Replies (1) of 210

Jeff: You might be right and make some good points, but it still looks like a falling knife to me - off 1/3 in month and a half is not what i would consider a "normal" fluctuation. This puppy looks more like a trading (maybe for stock options) stock than an investment (full round trip from mid 20's to mid 30's in about 3 months. The way i've found to resolve is to wait to see if it holds support and starts back up, rather than guessing (as you apparently are and i was going to). I'll give up a couple points on upside for better odds on upside. I've gotten stopped out recently where stocks do not hold support as this "sector rotation" thing makes things screwy. Again, i'll watch and wait. Good trading, jim garrison

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