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Technology Stocks : Covad Communications - COVD

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To: Bald Eagle who wrote (4071)4/28/2001 2:01:13 PM
From: Captain James T. Kirk  Read Replies (1) of 10485
 
Nice to see so many familar faces riding it out. Twice we had fantastic buying opps for those who take the risk. I had to buy in under $1.00, even though there is less risk waiting until the CC. But the way I figured it, if you didn't buy low, even after the CC you may not jump in, especially if your chasing it up....like now. Afterall, so may bargain hunters will hesitate jumping in above $2.00 since they have eye balled it for so long under $1.00, and they will fear the "downside", while making excuses not to buy. Thus, the turn around occurs, your not in and its good bye!

I have been down this road before and this time I am doing exactly the opposite of what my fear says. My gut has always told me that this drop (to this extreme) was not justified, but my fear said stay clear. Thus far, this stock has had many pitfalls that would have tested the most experienced market investor. Good Luck to all of us in the coming months, like Bald E says, it bucks or bust!
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