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It doesn't look good. According to the volume yesterday, some people bought the stocks and want to hold the things up, but if they fail to do so, it will back to sub-20's in a matter of days with one or more bad news or comments. With the bad earnings of Excite, comparing to the upside potential and downside risk, I cash out at 42.25. Learned a great deal of lesson, when I trade those manic stocks like Zenith, IMPX, Iomega, etc.in 1995, that is, if it start to break down, it will down fast and hard. But if the shorts start to squeeze again, it can be an another story. |
