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Technology Stocks : ITRA INTRAWARE

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To: DAY TRADER who wrote (831)4/16/2000 7:32:00 AM
From: Mark Oliver  Read Replies (1) of 937
 
Probably you are right and probably the upside will make the fact that you miss the bottom by a few points rather meaningless, but I am also a bit thunder struck on how this could have happened in the way it did.

I wonder how much of this sell off could have been created and how much of it was justified. Anyway, I bought in at 23 and 21 thinking that would be bottom. I also bought in at 37, and 54 and even 71. So, what do I know except that I'm pretty deep in it at the moment. I expect to get something back though and won't sell to these prices.

I think it will take a long time to get back over $50. Too much damage has been done and it'll take a while to repair. Maybe over a year. We'll need to see continuing revenue gains and some quicker move to profit. What will drive short term rise? News? People didn't seem to be impressed by ITRA selling MSFT. Maybe a little buying from the Informed Investor conference? That did some good in Dec. Maybe some analysts pound the table on this one to get their clients out of a hole???

Yeah, getting a double from here is probably only a 3 month wait max, but from there it'll probably take a while to get past 30 and holding.

Regards,

Mark
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