Matt,
>>So much for $31 support, we are back in the $20's now. Where are we going from here? About ready to unload some shares I got in at $27.75 don't want to give up all the profits earned on this dog. Is COMS still in "prove me" state for another quarter?<<
My feeling, and of course I could be off base, is that something
bigger than COMS is going on. Greenspan says interest rates
are going down, so IMO, the market should be going up. COMS
should be going up on that alone.
Something has put more fear back into the market. With that
attitude, only the safest of stocks go up, if there are any.
Coke, P&G, and Gillette have all broken down along with
the banks...so caution is the name of the game for the market.
Wall Street Journal front page was about a billion $ hedge fund
run by Nobel prize winner in economics is going bust, and
needs to be bailed out by the FED.
IMO, a lot of people are bailing from the fear.
From that, we all have to reassess our risk, profits, and situation.
I'm staying in for a while longer...I can't say that's a brilliant
move, it's just the way my nerves are set.
joe |
