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Technology Stocks : ASD Systems, Inc. (ASDS)

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To: Jay Plummer who wrote (467)3/23/2000 8:46:00 PM
From: Ray Rueb  Read Replies (1) of 491
 
New 52 week low for ASDS

The high today is 6, the low is 5 5/8
Bid is 5 1/16 with ask of 6 3/8 - HUGE SPREAD!!!

Where is the bottom???

Personally, I'll buy when the MM's execute a "stop loss cleanout" (open a trap door and drop the price for an hour by 20% or below a major milestone, like 5, and then bring the price back up to the open price). This type of position reversal can be very bullish. But I haven't seen it yet.

I'll wait for now, since we haven't reached true capitulation.

You all be careful out there
Ray
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