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Technology Stocks : The Panda Project (PNDA)
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To: Richard Chow who wrote (720)12/22/1997 1:45:00 AM
From: chester lee  Read Replies (1) of 1521
 
<<To what do you attribute as the impetus for short covering if the basic trend is down>>

Profit taking, pure and simple. It PNDA bounces with no change in fundamentals, it will once again be a short opportunity. If it continues down, I'll cover more. I can not call tops or bottoms with any accuracy nor do I expect to. There is a lot of money to be made in between. There is also the possibility of Crane doing some sort of financing deal that will float the stock price higher until they have to pay the piper.

Chester
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