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Strategies & Market Trends : Three Amigos Stock Thread
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To: Magnatizer who wrote (5329)5/28/1998 2:46:00 PM
From: Phil Jacobson  Read Replies (2) of 29382
 
David,

Humm...I own STVI too, and am interested that our resident technician thinks it's a buying opportunity.

I know the fundamental story well enough but in a market downturn isn't there a potential free fall all the way to 6 or even a bit below that? There's a huge gap between where it traded at in February and where it's at today. I've had sell orders out every day for the last week and couldn't get a fill at more than the bid which I won't sell at. That indication of lack of buyers really worries me for the short to mid term.

Phil
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