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Technology Stocks : Tollgrade Communications.....Nasdaq- TLGD
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To: Andrew Abrams who wrote (30)9/30/1998 4:56:00 PM
From: LoLoLoLita  Read Replies (1) of 79
 
Andrew,

Thanks for your reply.

I feel very lucky to have picked up those shares at 12 1/2 while asleep. If it goes up, will let it ride. In the (*seemingly*) very unlikely event it goes below 12, will try to find the cash to buy more and average down unless there is something else even more appealing.

Lots and lots of stocks have recently been hammered with overnight 30-50% drops on negative pre-announces--anyone interested in this kind of buying should look at the 30-day charts on CCMC, CBTSY, ESCMF, NICEY, PCCC, XYLN, and (last but not least) TLGD.

It's very tough to shoot in the dark and try to buy these near the bottom.

Sometimes it works, sometimes not. But TLGD from everything i can gather (since my purchase) seems a solid company--i.e. good management and conservative financials--and is also very well-positioned in a fast-growing industry. I think it would be foolish to sell my TLGD shares for a quick 20-50% like i usually do. A bounce that i am almost certain will occur BTW.

Cheers,

David
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