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Technology Stocks : TranSwitch Corp: Will they get Zenith Business?
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To: riposte who wrote (624)6/7/2002 12:14:39 PM
From: Outer-limits  Read Replies (1) of 669
 
Absolutely not, when you buy more of a losing stock, you are putting more money at risk (just in case the worst happens), especially when the stock has not formed a bottom yet. Another point is my two purchases of the stock put my basis in around 3.50 (big time off the all time highs). If this company is viable the stock should easily go back to the 5 to 6 dollar point. If she forms a solid bottom during the next 3 months or so, who knows maybe I will commit more capital. The DAQ though, that's the 64K question. Will it take out the long term 1990s trend line at 1450. Unfortunately I think so, which would put even more pressure on ALL tech stocks. Yup, could see this puppy down to about 20 cents or so. VERY DANGEROUS situation for tech investors until we get back above 1600!!!!!!!!!!!!
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