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Technology Stocks : Stock Swap
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To: John Nyere who wrote (5774)5/18/1997 12:08:00 PM
From: Trader X   of 17305
 
re PAIR, what's the hurry?

My price target is 50% chance at $14, 50% at $10. People who rush to grab this one at $17 will have to wait a long time to recoup.

My feeling on dead cat bounces is this: they are extremely rare.

Much more often what happens is a long drawn out recovery process. Many of the stocks appearing on Swaps have been gambles on a dead cat bounce that usually has not occurred. I for one wish that more space were dedicated to stocks that are less of a gamble. Everyone wants to get rich quick though.

-KH
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