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Technology Stocks : Clarent Corporation (CLRN)
CLRN 0.000010000.0%Dec 5 9:30 AM EST

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To: Tomas who wrote (57)10/14/1999 10:40:00 AM
From: Emerald City  Read Replies (1) of 202
 
Tomas:

I am just standing back in awe of this company. The stock at this moment, 10:32 a.m. on Thursday, October 14, is up 10 3/16 to 76 1/4, a 15.42 percent jump today alone. Add that on to the significant gains of the last two days, and this is one locomotive I wouldn't dare get in the way of -- I'm just enjoying this wonderful ride!

True, I'm puzzled by this incredible move, especially in light of a market that's lost hundreds of points in each of the last two days. I've heard about parabolic moves and seen them on charts, but I've no idea about a good jumping- off point. If anyone else does, I'd be interested. At this point, I'm just afraid I'd get run over by the train or injure my vanity watching this thing continue to rush on by without me!

Anybody have a strategy for a graceful exit, a target price, or the sense of what is really propelling this stock? Don't know whether to take some profits, or buy more!

EC
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