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Technology Stocks : I-Link Inc (ILNK), VoIP Telephony
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To: beat the market who wrote (198)3/7/1998 10:57:00 AM
From: Ron Kline  Read Replies (2) of 417
 
I'm sorry you lost money in this company and can understand your frustration with the stock. I learned a while back (check out yearly chart) that this company goes up and down more than any other stock I've followed. The interesting thing is that if you pick up the pattern in the stock you can make good money in a short period of time. The people who get burned are those that see the action in the stock and try to jump in too late when it has already doubled. Many stocks you can do this but not this one. What will be interesting this time is whether the stock holds up if we cross the $7 area. I've been charting it and it looks to me that if it breaks out it should hold the gains unlike the past. I know they said this year they plan to make a profit so it could correlate with that. I do know that thinking long term on this one can be risky. Anyway, volume very high on Friday so I expect a continued move soon. I think you should be able to at least get your money out, but you are in a precarious situation because you have little wiggle room should it hit that 9-10 range. You should not have been "stuck" for a long time in ILNK if you took profits since it went above $10 about 3 times last year. Last downtrend was the longest though of about 4 months.
Good Luck,
Ron
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