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Technology Stocks : Entrust Technologies Inc (ENTU)

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To: DKR who wrote (663)7/6/2000 10:16:02 PM
From: Bill McEachern  Read Replies (2) of 1205
 
I found that quote quite amusing, actually. Overall I'm not as Happy as Harry though.

I am still holding as I think there is more upside than downside although it will take a quarter or two to really get back on track. It takes that long for the analysts to forgive and forget and upgrade the stock again. Plus the momentum crowd will not return for a while. This is the 2nd time the stock has been broken in the past 6 months.

Actually, for the past few months I have been short term trading ENTU for 10-15% swings. I was holding long term for about a year there but changed tactics a few months back after ENTU dropped from its high and started bouncing up and down. I had the bad luck to get caught in the stock at a bad time. If I was not camping in the wilderness from Friday to Monday I would likely have sold since I would have been up over 20% ... but it was not to be. Luckily I only bought half the shares I have in the past on that last run. Now I'm forced to be a long termer again. Now when to average down ...

Bill
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