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Technology Stocks : Net Perceptions, Inc. (NETP)
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To: rupert1 who wrote (2752)8/18/2000 7:33:36 PM
From: bernieb2  Read Replies (1) of 2908
 
Sorry Victor, down volume doesn't cure anything. Can go either way, if your going down bigtime on large volume, your heading for NETP land. We had big volume heading down to 10's, at this price though so long as we don't continue down the huge volume is good so long as eventually it outpaces the sellers. Otherwise its not good. At this price the sellers are holding for 11's, but who's to say the buyers who buy at 10 1/2 will also buy at 15??? Or will they become sellers? All I know is someone wants out even though it's really close to its lows. That tells me it's probably mostly the VC who has the profits and wants the cash now for some other venture. Also some retails who want out and feel like they're holding out for 11 because they don't want to give it away. Of course they bought at 18 but it's all the psychology of it right now. They don't want to wait 2 months to possibly see 25, they are letting their emotions run away with them. Just like many of us got really giddy at 19 and are truly disappointed (short-term) now. If Mr. Spock bought and sold in the market, then we wouldn't be going through all of this. But people buy and sell shares. I know I'm not telling you anything you don't know, guess I'm really reminding myself.
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