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Strategies & Market Trends : Playing Hammered Stocks for a Bounce, But How?
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To: Instock who wrote (14)1/21/1998 4:08:00 PM
From: JEFF CHAPMAN  Read Replies (2) of 159
 
Looks like HYBR provided the same miserable performance as HCOM did yesterday, although the patience to wait for a breakout and sell on a moment of flatness helped to avoid the damages I sustained yesterday w/ HCOM. I think we are quickly learning here that a company w/o fundementals backing it up are sustained to continued crushings, with only the slightest upticks on the way down. I'd like to see a stock w/decent backward and forward earnings join in this trading concept, but the nature of what is being done here makes it a rare occurance (ie. they won't drop 30%, thus we're left w/ the junk).
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