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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Augustus Gloop who wrote (35464)5/24/2000 2:12:00 PM
From: Doppler  Read Replies (2) of 63513
 
Not to pick on you, but I'll bet you I have read at least 500 posts in the past 4 months that said "X stock will never get down that low". Every time, the stock has gotten that low. Then someone will mention another, much lower, support level and say "There is no way it will ever get that low". And of course it does. People have been buying the dips and getting killed. A drop to 33 puts the stock back to where it was last fall. Still a huge rise from around $1 just 5 years ago. Will it go that low? I don't know. Can it? In a heartbeat. Unless something fundamentally changes with the Naz indicators etc, it is much more likely to hit 33 this year, than 83. JMHO

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