DIGL... Digital Lightwave.... Making Waves.... Message Board

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Technology Stocks : DIGL... Digital Lightwave.... Making Waves....

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To: mozek who wrote (215)	12/23/1997 8:14:00 PM
From: ahhaha	Read Replies (1) of 934

The inflow is masked because of the market state, price concession. You can have a net flow in with declining price. It means there is large booked supply above that absorbs market order to buy with little price mark-up and there is a continuing cancellation of orders to buy below so that marginal supply takes instantaneous price down. The cumulative delta tick x delta price is positive, but price drops. It is currently an issue of the intensity of market order. The intensity is all on the sell side. The psychology is, "get me out". All you have to do to confirm this is ask yourself what is your emotional state telling you. Even if you bought at 13 1/8. Has there been a fundamental change since the waterfall started? A little, and tech sector weakness has exaggerated the degree. Will it take time to repair the damage? Yes. This stock is not a good trading vehicle because of the extreme volatility. No doubt you want action to trade, but too much is just whipsaw city. I stated previously that I thought the stock was a good buy at 15. That looks now like I should have said good bye. As far as I know, and who really knows, the 15 figure is still valid.

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