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Non-Tech : S&P Midcap 400 Portfolio (^MID, MDY)
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To: Londo who started this subject11/24/2001 12:55:01 AM
From: Londo  Read Replies (1) of 181
 
Buy 250 MTP @ 4.40, stop loss @ 3.75.

If MTP doesn't reach $4.40 intraday Monday, then place an order to buy 200 MTP at the market close, assuming the stock is under $5.00/share. If the stock is above $5.00/share by the end of the day, and the $4.40 limit order has not gone through, cancel all orders. Set a stop loss of 15% of whatever the purchase price turns out to be, if the stock is purchased.

My rationale for buying the stock is this:

Message 16697630

My goal here is roughly $7.50 a piece, but we'll see what happens when we get there. The whole point is that NOBODY wants to own this stock right now, and I think the whole float has to have been jettisoned.. so there can't possibly be many 'weaker hands' than there are right now. Which implies we have hit a bottom.
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