Vixel (vixl), a fibre channel company! Message Board

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Technology Stocks : Vixel (vixl), a fibre channel company!

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To: Kerry Lee who wrote (336)	12/21/1999 7:32:00 PM
From: LemonHead	Read Replies (2) of 377

Hi Kerry, I think your thoughts are right on target. Really would like to pull the trigger but I think you placed everything very nicely. Good friend of mine introduced me to his "Falling Knife Theory a year ago" you just added a very real timing issue. FWIW Keep in mind that this Post is in reference to ORB sometime ago. Just an example. Look for this pattern to emerge: 1. Initial collapse 2. Bounce as selling is exhausted 3. Value players step in 4. Mo-Mo players see % increases and jump in 5. Mo-Mo players ride it for a while and then dump 6. Stock drops and then bases higher than lows reached in step #2 and continues up. This one is close to a buy assuming they don't go lower than $16 on this drop, otherwise we start the counter again. Right now on ORB, I'd say we were in the 2-3 stage. Anyway, when I'm buying falling knives I like to buy some in the 2-3 stage and then load up in the 6 stage. Sometimes it works, sometimes it doesn't. -- Dave It helps to review the lessons when the situation presents itself. Keith

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