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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: RockyBalboa who wrote (61967)11/4/2000 7:16:33 PM
From: Joe Lyddon  Read Replies (2) of 122087
 
Hey, I'm not trading it...
You presented a riches to rags picture and asked if KREM would follow it... I merely said No, I didn't think so.

I do think it's overvalued at this time and expect a pull-back.

I expected a pull-back from the IPO... didn't happen...
(my wife wanted to buy it... she LOVES'em)
(I said NO, it will pull back... NOT)
(Now, we wait... <g>)

I feel it will eventually pull-back to a more even price.

I do NOT think it will go DOWN to the $5-$10 area (or even close).

It will find it's trading range...

Right now, it's probably a good short... but not forever.

Just my opinion...

When the dust settles, I may consider trading it.

Joe
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