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Technology Stocks : Vertel (VRTL) 10xbagger in the making

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To: sinut8230 who wrote (88)6/12/1998 7:56:00 PM
From: James Wright  Read Replies (1) of 465
 
Your right. I've now reduced my holdings in VRTL to the very bare minimum -- just enough to justify tracking the price and keeping it interesting.

I see no support left for VRTL at the current levels, and believe it will resume its temporarily interrupted decline now that it's firmly broken below 4.

I was hoping that VRTL would bounce off 4 or at least hold at 4 and then eventually turn up. The last couple of days show that I was mistaken. Now I will watch for a new bottom and then re-enter.

Long term, VRTL likely will do great. But why ride it down when I can pick it up later at a lower price? That way, I will make more when VRTL is ready to reach new heights. And if it does turn up sooner than I now expect, I've not really lost anything because I can quickly re-enter.

-- Jim Wright
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