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Technology Stocks : High Growth Techstocks for 1998

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To: Jyoti sharma who wrote (283)1/7/1998 1:00:00 PM
From: White Shoes  Read Replies (1) of 598
 
Jyoti, TLDCF is definitely officially off my Christmas card list for next year. The stock is down 41% as I write this. I was pleased with myself for making a good trade on it (buying at 19, selling at 22). Then I went and put a limit order in at 18...I figured on volatility but nothing like this. There have been too many 1-day crashes like this in the markets this year. No one seems immune, remember Oracle, Netscape, etc.

Someone on the TLDCF thread chalked the company's delay in announcing something to "Israeli macho tight-lipped thing". Whatever. Nonetheless this reaction is overdone. A delay in growth is one thing but can the stock be worth 41% less than it was yesterday (already down 60% from highs as it was)? No way. At $12 I am a buyer of TLDCF.
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