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Technology Stocks : Buying IPOs on the open market

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To: Ken Whiteside who wrote (475)8/24/1999 7:54:00 PM
From: Srinivasan Balasubramanian  Read Replies (2) of 5529
 
Ken, if I had gone short on NTOP today, I will put a stop above today's high @ 58 1/2. But it can do a MCOM which retraced 66% of the move after a straight line move from low 10's to the mid 50's. It can also do a PHCM or a RBAK. It is likely to gap up but if it penetrates today's high, it may be a caution signal. goodluck.
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