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Technology Stocks : Digital Island,Inc - (Nasdaq- ISLD)

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To: Spiderman who wrote (968)11/10/1999 11:18:00 PM
From: GraceZ  Read Replies (1) of 1884
 
Hang in there Spider. I bought back in the summer at 30 only to see the stock drop to the low twenties. When I saw we were getting hit by the daytrading/momentum croud I put in a sell order at 74....$1 below their target. I made 44 points for my trouble. I'll be back in mid fifties for the long term. I've had this happen too many times to me in other stocks to just sit there and not take some money off the table.

Any time a stock rises with the short term momentum money it attracts the short sellers. These guys follow each other around. When they leave, the longs are left worse for wear. This company is going to be a big player and they're doing everything right. The price just got out of hand. It will stablize soon.
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