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Technology Stocks : Dell Technologies Inc.
DELL 126.42+2.8%Dec 19 9:30 AM EST

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To: Dennis who wrote (52046)7/18/1998 6:34:00 AM
From: JPR  Read Replies (1) of 176387
 
Mohan, you suggested to someone NOT to buy at the open. Why not?? I plan on buying more Monday. Should I buy an hour or two into the day??

I usually don't buy at the open. A stock like DELL usually pops up at the open. pop-downs also happen. I watch the tape and note the time and sales prices. Once the selling pressure is over the buying comes in. I tried to catch the bottom, usually in 15 to 45 mts. If you miss the first opportunity to buy the first dip, sometimes there is a drop in price at around 11.30 or so and again between 12 and 1PM (the lunch crowd or the day traders are winding up their day). This is not written in stone. There were many days it was just one climb up all day. After 1 PM, the day traders are gone and the price moves along a plateau. At about 3PM, nervous types sell. Many times I saw frenetic action on the up or downside in the last 5 minutes depending upon the news or psychology of the day or moment.You can use that last 5 minutes to buy or sell to catch the bottom or the top.
JPR
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