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Technology Stocks : Mortgage.com, Inc- (Nasdaq: MDCM)

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To: Dolfan who wrote (251)9/3/1999 12:57:00 AM
From: Junkyardawg  Read Replies (2) of 516
 
I got in MDCM at 12 road it to 14 and sold.
When it went back to 13 i bought it again and sold
at 15 or so. Did the same thing at 14 to 15 again.
Last time it went to about 13 I bought a bunch because
the tape on it looked so darn good. I was going to sell my
last buy at 16 but heck it just kept looking strong.
I watched every trade and the mm's would raise the price
drop it real fast on small sells and small volume to shake
out week hands. Then it got to a point where they couldn't shake
anymore week hands and it has a very solid base in the 16 range.
If it breaks 18 1/4 it could very easily run to 22 in a blink
of an eye.
Remember MDCM only has 7 million shares in the float and INTU bought
up almost 4 million of those shares so we are looking at a small
float in the 3 million range. It will not take much to move this stock at all. Bad part about that is the mm's will play their games so you have to have a bal** of steal to watch it drop a point and a half only to go back up 3 points.

I love the tape on this stock and I will stay in as long as the tape tells me to stay.
Heck I might even keep some for the long account:-)

Good trading
dawg
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