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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (4547)1/5/1998 4:46:00 PM
From: Alex Engelgardt  Read Replies (2) of 120523
 
I dumped NSCP and ate the loss since I am afraid that it will indeed
be downgraded further, although intraday chart shows to the contrary - strong buying from 18 and up.

Question to all of you: let's say I bought NSCP at 23 and it opened
at 18 the next morning due to a downgrade, etc. Am I correct in assuming that there's no way a 'simple' stop loss order would have
prevented me from losing money ?

On the somewhat related note: anyone looking into buying CDNow
shares ? Their IPO is slated to be the week of Jan. 26th and even
though they're losing money and will continue to do so at an even greater rate in the near future due to a ramp up of operations, this is another 'star' Internet stock along with amazon.com and onsale.com The brand recognition alone coupled with the magic of Internet retail can give it a significant push (take a look at AMZN and ONSL).

To be fair, it must be noted that their margins are _slim_ and they don't have the experience of AMZN's CEO or sale tactics of Onsale but given the funds for marketing and related expenses that the IPO will bring, it can be argued that investors will place them in the same top category of Internet retailers to which above two companies belong.

Their share price is still to be determined and I bet the IPO will
be oversubscribed, so what do I do, place a limit order several bucks above the IPO price ? More than several bucks ?

Regards,

Alex.
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