Mortgage.com, Inc- (Nasdaq: MDCM) Message Board

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

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To: Softechie who wrote (329)	9/8/1999 6:20:00 PM
From: Mark The Trader	Read Replies (2) of 516

Lets put this issue to rest unless someone can post a link to backup the issue :-} I contacted some brokers to get my info. In order for MDCM to stay up here your going to need more news , without it, it will drift down and probably base out a few points lower. With all the uncertainty still with Interest rates who knows. A lot of people were buying the stock because it was coming out of the quite period. The 2 buy recs today were also from underwriters , this is good to have them support the stock , however a buy rec from someone not associated with the IPO is really needed. So in summary watch the volume and the trading range carefully. I sold out this morning , held it through the last 2 gaps (which is against my trading rules) because of what happened the first day I traded it . I sold it on the initial gap the second day of it trading and then it really ran !!! Anyway been in and out many times , its been a profitable stock to trade. Mark

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