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Technology Stocks : Healthcare.com Corporation (Nasdaq: HCDC)was [HDIE]

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To: Mighty_Mezz who wrote (3255)9/3/1998 10:53:00 AM
From: Charliss  Read Replies (3) of 15094
 
When a stock is backed up by so much rumor, and basically does not progress after five months of such intense rumor, I have to wonder-especially when there is a lot of talk about "averaging down" on a stock that declines from an already ho-hum position. In such a case, averaging down is the last thing I would do with such a speculative investment as HDIE in such an uncertain market as this one.

Actually, volatile as it is, this market has more veracity than the objectively unverifiable rumors that form the promise of HDIE.

Should HDIE fall below 3 before an announcement comes along, will we be cavalier about it and proclaim that we are buying more at bargain prices? I don't think bargain prices exist at this level, this point in the stock's history.

If the rumors are correct, of what real significance would be the difference between buying at 1/16 as opposed to 1/8 or 1/4? Besides, if true, there should be plenty of time later on for effective cost averaging with a long term investment. If the rumors are incorrect, buying at 1/16 only means heavier losses.

I am still holding my own investment here, not in spite of an unsure market, but in spite of my own open eyes and common sense- which I guess is called risk.
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