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Technology Stocks : Quarterdeck: Making a Striking Comeback!

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To: Lizzie Tudor who wrote (2904)5/13/1998 7:23:00 PM
From: Jesse Livermore  Read Replies (1) of 3307
 
Rejoice and be glad...for Quarterdeck is in a tight trading range and a breakout should be significant according to our technical analysts.

Although, Harry_Wild is resistant to a quick TKO and QWAY is 1-2 on the week, we are going to do something soon. Either this quarter is dead due to price competition and NETA/Symantec dominance or we are making inroads. It is 1/2 way complete and the insiders should know which way it is breaking. So, they may be accumulating here. 1 1/2 is key support. If they let it break down then forget this quarter. There should be "we know something you don't know" support showing up about now.

In the grand scheme of things this may be the coalescence point. That is, maximum reward with minimum risk.

The assumption is that the floor is 1 3/8 max and it is 1 17/32 now with revenues coming in....

Of course, Ayn was right when she said, "Check your assumptions."

I have, to the best of my ability, without the benefit of inside information, checked my assumptions. It comes down to what my life is all about: Being right and making a killing when I am. Or, conversely, feeling the sting of defeat so bad that I don't make the same mistake again.

And, so, knowing full well that a break below support could mean a proliferation of new shares that sinks us like excess ballast, it has to be, for me, damn the torpedoes, full speed ahead.

Curt, fool me once shame on you. Fool me twice, shame on me. Don't embarass yourself twice.

Let's do it. The time for kibitzing has passed.
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