Playing Hammered Stocks for a Bounce, But How? Message Board

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Strategies & Market Trends : Playing Hammered Stocks for a Bounce, But How?

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To: JEFF CHAPMAN who wrote (115)	2/10/1998 11:05:00 PM
From: Mark Jenkins	Read Replies (1) of 159

Yeah....2000 shares would have worked alot better, but all my trading money is still in SMCI!! I had 1700 bucks sitting there so I thought what the hey, might as well practice. The sad thing is that I had a limit order in at $8 1/8 and it traded at that price for about 10 minutes but never took my order. By the time I switched it to market, and my limit was cancelled, it had already rebounded to $8 7/16. aaarrrrrggggg!!!! IT WAS AN EXCELLENT LESSON AND I STILL MADE $40!!! E-Trade tells me that they are going to be reducing their rates. As you noted with Datek, they better!!! Ameritrade, Suretrade, Web Street, etc!!! COMPETITION IS GOOD!!!!

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