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Technology Stocks : On2.com (ONT-AMEX)

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To: StarData who wrote (167)11/22/1999 11:41:00 AM
From: AJ Berger  Read Replies (1) of 553
 
DayTrading Longs, Please Read

Since the Demo went into Beta last Thursday, we have seen a nice 50% move on the stock. Now I think it's time to take profits as Volume abates. I would put stops around 5/8th below the bid today, in hopes of getting your stock back cheaper before the 12/07 conference. The only risk is that someone in the financial media sees the Demo, and comments about it before the conference. I'm betting that won't happen this week since the circle of beta testers and their friends is so small. I hope to get my shares back Wednesday, hopefully below $15. during an end of month/week, Thanksgiving slow trading round of profit taking.
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