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Technology Stocks : 3DO: Hot Games for Hot Machines (THDO)
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To: (Bob) Zumbrunnen who wrote (3990)9/6/2001 4:23:20 PM
From: (Bob) Zumbrunnen  Read Replies (1) of 4081
 
Pretty well nailed that one, eh? <g>

Canceled my $5.09 GTC sell order on the new shares. Easier to think "hold 'em" when there's some paper profit. Plus, I think if we can get about 50k shares traded in the first hour tomorrow, we'll go for our 3rd test of 5+, which I think will finally hold. Could be a very interesting day as it repeatedly tests the $5 support once it gets there.

I expect it to close tomorrow in the $5.10 to $5.30 range (volume at least 250k), which would make next week even more interesting. As long as the overall market doesn't continue to soil itself (which I don't think it will tomorrow).

Overall, it's going to get a lot less predictable in the 5+ area, as it hasn't been there in ages. It could continue to trade sideways edging up slowly, or it could go on a real tear. I don't think tankage is a very strong likelihood now.
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