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Technology Stocks : Audio Book Club (KLB) Next big internet play?
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To: Jeff Jordan who wrote (94)7/7/1998 4:43:00 PM
From: SkyDart  Read Replies (1) of 146
 
Jeff:

Sold at the open on the gap up at 20 7/8. Placed buy orders at 18 and 16 3/8. Got the 16 3/8 at 15 after the trading halt. Sold all at 18 this AM when volume seemed to slow down.

I agree this is risky, but the day swings are so predictable that the profit potential can outweigh the risk. For me it represented a 30% gain from buying at 18 before the close on 7/6/98.

There should be smaller daily swings in price as the volume settles with a downward bias. I am out.

Good luck,

Jeff
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