Interliant, Inc. (INIT) Message Board

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Technology Stocks : Interliant, Inc. (INIT)

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To: $Mogul who wrote (778)	8/18/1999 6:46:00 PM
From: Mark The Trader	Read Replies (2) of 1214

"Who is selling today and why....I can't fathom selling here...ridiculous!! " Day Traders and those who bought it when it was lower are selling because they made their profit and will move on from a stock that does not look like a mover for the day. If a stock that closes strong does not gap big the next Am and then gets weak , traders will dump quick . It was weak from the getgo this morning ( I was surprised). My general rule of quasi Day Trading ( I am not a true day trader :-} ) is to sell some right at the open (sold some @ 15 /14 )then wait a bit to see what happens. It was still weak so I sold again at 14 3/4 and 14 1/2 but still kept some. I dont mind hanging on to shares at this price level , if it dips a couple of points I will buy more and trade it the same way again on a run up. I have many times sold my whole position in a stock only to watch it continue to run so I keep a little just in case . This is also a good strategy for those who want this as a long term Investment , have some to trade and to hang onto . Mark

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