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Strategies & Market Trends : Angels of Alchemy

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To: Nathan who wrote (23680)12/20/2000 11:12:23 AM
From: KevinMark  Read Replies (1) of 24256
 
I did pick a few more up @ the open a little prematurely. Said revenues and gross margins would be down, but doesn't warrant a price under a buck, nor a 300% decline in 6 trading days. The company is worth 2-3 bucks. I'm holding what I have through this storm. I think tax selling is getting the best of several issues today. I'm not that worried here, I will revaluate the situation in 30 days.

Edit: one more thing, I noticed the warning late last night. It was obvious that they were going to warn by the way their stock price lost 50% in 2 hours yesterday, but another 50% after that is really ridiculous.

KM
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