3DO: Hot Games for Hot Machines (THDO) Message Board

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Technology Stocks : 3DO: Hot Games for Hot Machines (THDO)

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To: David Patrick O'Connor who wrote (3951)	7/18/2001 11:36:05 PM
From: (Bob) Zumbrunnen	Read Replies (1) of 4081

Fortunately, I was spared the pain of watching today. I usually can't pick out anything fishy looking at Time and Sales or the chart; I have to be watching Level II and T&S realtime to pick up on anything. However, I see that the one-minute chart shows the drop from $3.20 to $3.04 happened on extremely little volume. A smallish market order getting screwed? Buyers didn't come along in great numbers to take advantage of a "discount", though, so I'd consider it a fair market overall. Looks to me more like the buyers are on strike rather than there being a lot of sellers. You definitely nailed THDO better than I did this time around. I bought back some calls and loaded back up on the stock well north of here. I'm at a 120% position right now, having sold just a little last week. My average basis is way north of here, though. But I'm not adding more yet. Not until it gets into the 2's or proves to me that it won't. And today wasn't very reassuring.

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