<How many times have we seen this kind of action in COMS only...>
<I'm going to get back in at 35/36 whatever>
Joe, Matt, Steve: A bunch of yellow-tailed rabbits. Damn, now I'll have to get used to a whole new crew of posters seeing as how you've gone and sold all your COMS shares. Sure, I know. You're going to buy back in when COMS does what it's ALWAYS done before.
Forget it; you're history. You're doing just what they say all novice traders do: sell too early. Just as the stock is gathering momentum.
And if you think about it, you know it's true. We've all said COM$ is tremendously undervalued; that it wasn't getting the respect it deserved; that the analysts and the stupid Street just didn't understand the stock. We heard Eric B say that COMS was going to be kicking butt this quarter. We know they have the best products and that they are selling everything they can make. Well, for the past two weeks every analyst who bothered to look at the stock has rated it a strong buy. These analysts and the institutions they represent are starting to realize that even in a weak economy networking will be the one strong, safe sector.
I will admit that today I too sold my "trading" shares at 37. After all, in the past 10 days COMS has pulled back from this major resistance point on 3 or 4 occasions. But I'm willing to admit I made a mistake.
Your thinking is understandable. We all have developed a sort of World War I bunker-type mentality: never knowing when our trenches will be breached, our throats slit and the stock back below 30.
Well folks, the metaphor and the situation have changed: it's World War II and the Maginot Line has been breached; wolfish panzer troops look out on the open plains of France with nothing standing in their way.
Joe, you asked today: 'Who would buy this stock at 38 1/2?' I will tell you only once: by January 15, l999 38 1/2 will look very cheap; we will be having up days of $5+; $100 per share will not look at all unreachable; all of us still on this thread will be DELLishly happy.
No Steve, it was not "Mom and Pop America" that was buying today; it was those panzer fellows and I promise you, they are not sentimental about the number 38 1/2. The only resistance if front of us is time-delimited: 40 may hold through Friday; after that, it's adieu forever to the 30's.
Bruce L |
