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Technology Stocks : FirstWave Technologies (FSTW)
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To: Roger A. Babb who wrote (227)8/31/1998 5:00:00 PM
From: Oeconomicus  Read Replies (2) of 9677
 
Roger, I agree with your good, bad and ugly statement, but I think we are overdue for a bounce and today was a pretty good imitation if it wasn't real panic. Looked like capitulation to me, anyway. I expect a tradeable rally, perhaps tomorrow. If we follow through on the open instead of another of these weak opening rallies, I may pick up some index calls. The Dow and S&P are both down 19.3% from the highs now and I think there's some cash laying around - just not in the accounts of internut shareholders.

Increased my FSTW position by 2/3 today, buying as low as 3 1/8, and do not plan to unload it on a bounce - this is an absolute steal.

Regards,
Bob
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