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Technology Stocks : Spectrian Co. (SPCT)
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To: JOHN CHEN who wrote (377)10/7/1997 4:47:00 PM
From: James Knight   of 738
 
How do you know what the sell or the buy is unless you are with the market makers charting every trade? That is what is causing the sell off. People like you always thinking there is something wrong because a stock goes down. Look at the stock it has gone up from 12 in May. This is a normal selloff. The stock was being bought by momentum people who only buy a stock that is going up and they sell once the momentum has been broken. They dont care about the reason. People who own the stock for less than 44 are not foolish for selling because they want to make a profit. The stock was way ahead of itself at 60 plus. Now the stock has to work its way back up and new buyers have to come in as the people who bought between 43 and 50 sell out to break even. Its only human behavior. Once who lose on something you are happy to get your money back so you sell.
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