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Technology Stocks : Creative Computers(MALL)
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To: jim webster who wrote (1148)12/6/1998 11:57:00 PM
From: SkyDart  Read Replies (1) of 1634
 
Jim,

Been there, done that before. Its part of the educational process or "initiation" if you will.

Having said that, if it were me, [and this analysis is not given as a recommendation], I would note:

#1). Alot of people bought into Mall before the UBID IPO on hopes of MALL 100.

#2). Many people panicked when they realized that MALL 100 was not reached on IPO day and sold into panic.

#3). MALL should sell at .73 x UBID + 10. ie Mall's price should be equal to 35 + 10 = 45.

My conclusions would be:

1). MALL's price was unreasonably depressed due to panic selling Friday and should rebound [substantially] in the next 2 or 3 days.

2). Realizing I would be emotional over the paper loss, I would set sell-limit orders to take any emotional panic out of decision-making over the next 3 days.

3). A reasonable target over the next few days would be 45 [if UBID remains at 48] . I would adjust up or down if UBID changes.

I would sell 50% at 35; sell 25% at 39; sell last 25% at 44.

I would place these before the market open each day for the next 3 days, and renew the ones that had not gone through for the next day.

Just my opinion and what I would do if I owned MALL [I do not] over a difficult situation. I would NOT average down...

Good Luck,

Jeff



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