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Technology Stocks : Data Dimensions
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To: ItsAllCyclical who wrote (1695)6/9/1997 6:25:00 PM
From: Pete Mason   of 4571
 
>> Don't tell me you are another one of those traders that justifies DDIM as a good buy solely because it's going up. <<

Jim, I don't think there are any other longs on this stock besides those! We've got the people who trade on momentum and technical analysis, who've made good money; and we've got those who say "The Y2K problem is huge, therefore buy DDIM at any price." These people are still with us because the stock has kept going up; I expect them all to vanish with any protracted downward movement of the stock.

I've sort of given up posting much here; DDIM is a no-brainer. Just pick a price and short it, and wait for the collapse. This way I don't have to worry about short term movements, or when the exact right time is to get in or out; I just sit on my shorts and don't give it much thought... in a month, or six months, or twelve months, I'll have a nice profit regardless of what the hypesters do in the meantime.

-- Pete
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