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Technology Stocks : BAMM - BOOKs A Million (BAMM) .. the next Amazon.com ????
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To: ThinkWithYourHead who wrote (67)11/28/1998 2:36:00 AM
From: Herschel Rubin  Read Replies (1) of 1196
 
ThinkWithYourHead:

Excellent fact/statistic-based commentary. Thanks for putting that out here for all to see. (Granted, you are short and have a vested interest in doing so also). I agree with most of your comments, although the average investor is not rational.

I took handsome profits today (albeit, too soon like the rest of us!), but I felt good about my decision. Too often, a trade can go the wrong way quickly.

BAMM may go up some Monday, but right now, there is a lot of expectation based on what BAMM WILL do on Monday because the consensus is that "the masses of lemmings aren't aware of what's happened to BAMM in the past few days."

Once the groupthink out there realizes that a Monday Rally isn't living up to expectations (or has happened e.g. $40-$50), then profit-taking is a certainty. As profit-taking begins feeding on itself, it could bring BAMM back down to reasonable levels.
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