Creative Computers(MALL) Message Board

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Technology Stocks : Creative Computers(MALL)

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To: PAL who wrote (711)	11/27/1998 1:45:00 PM
From: SkyDart	Read Replies (3) of 1634

Pal, I sold 3/4 of my MALL this am so I could hold the last few hundred shares without emotion. Stocks that appreciate this fast have alot of nervous shareholder/traders who panic out at the slightest drop. Since panic selling produces a sale usually when one should hold, it causes one to sell low. Panic buying does the opposite and causes one to buy high. Keeping position size smaller allows one to think clearly and not get sucked into this. Based on the volume, price action, new high today, action of the comparable ONSL, I really believe MALL will go higher UNTIL the day of IPO when all bets are off. I think the fading back at the close of MALL from 62 ish to 56 ish represented the MM's taking advantage of panic selling, running the stop loss orders, etc , and we should see a strong gap-up on Monday. Also alot of traders do not like to hold over the W/E. Hope this helps... Jeff

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