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Technology Stocks : BMC Software
BMCS 0.00520-36.6%Nov 3 2:14 PM EST
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To: john dodson who wrote (1317)7/25/2000 9:52:46 PM
From: michael97123  Read Replies (1) of 1492
 
I have seen many a dead money situation do pretty well in reasonably short periods of time. Buy BMC here at 17 or so and look at in 6 months at 25. That would be 50% return/100% annualized. I am not predicting here. If you catch the bottom at a super distressed price(17), a distressed price(25) can look awfully good. Having said that I suspect market is thinking BMC is predicting a more extended sales cycle than previously thought. So stock may see new lows over the next few days/weeks. So maybe 15 will be the magic number. That's where i will place my GTC orders tomorrow. I bought at average cost of 40, then doubled down at 20 and now will buy more at 15. In a couple of weeks I will reevaluate the order depending on what occurs.
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