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

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To: Dolfan who wrote (478)10/28/1999 4:26:00 PM
From: Joe Hoek  Read Replies (1) of 516
 
I think todays action was a combination of lower rates (whew) and earnings kicking the shorts out.
Finally timing was on our side this time. Last time we started rallying (up to 13) Uncle Al Greenspan did his damage and you know the rest. BTW Uncle Al SPEAKS tonight (ugh)...

There was a lot of buying going on at 10 3/4 and then some selling in the last 2 minutes pushing it down slowly. EELN also did good today - I'm not sure if EELN pushed MDCM up or visa versa. All in all the intrest rate tomorrow will have just as much impact as the earnings I think. If rates drop more and the report is good we should go much higher...
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