Purchasepro.com Inc. (PPRO) Message Board

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Technology Stocks : Purchasepro.com Inc. (PPRO)

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To: Susan Saline who wrote (188)	10/14/1999 3:53:00 PM
From: AGORA	Read Replies (1) of 748

Hi, Susan. This $33-40 box is just incredible. We have been talking about this for the last week and were hoping to join you and other longs at $41 and on the way up. Having said that, no guarantees that PPRO will fall below $33, just as it did not break above $40 a couple of days ago. We have seen this kind of box on several occasions. It seems as if market makers lull investors into a senseless state of security (believing they can trade the box forever), only to bust it out at one end or the other. No telling when that could be but this seems like the threshold. Therefore, if PPRO breaks $33 on good volume, we could re-visit $27 range. On the other hand, if PPRO bounces off $33 again, our gut tells us the break out will come on the resistance end and we could see $47 again. These next couple of days should be interesting. Either way, short of a general market meltdown, we are getting ready to come in on PPRO again. Regards, AGORA agoracom.com

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