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Technology Stocks : SDLI
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To: w2j2 who wrote (187)9/15/1997 9:59:00 AM
From: Toby   of 297
 
I for one didn't expect the move back from 16 this soon. I figured SDLI was following its time honored pre-crash slide and that the hammer would fall soon. This stock moved 30+% from 24 down to 16 on no news whatsoever, and I figured that employees were dumping shares, and that some bad news was imminent. Now it's charging back just as strongly.

Since this stock is so elastic, I try to buy when it's in the low teens and sell when it's in the 20's. It's worked once and I was watching it recently to try and repeat my success. At 20 though, I'm no longer tempted. Maybe sometime soon there will be a press release, insider trading report, or quarterly result that will clear up what has been going on. I'd rather watch than play a stock this volatile and highly priced, especially since the company by its own admission hasn't been performing over the last year.
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