Patric,
Didn't mean to butt in, but...
I see PCCC as a relevant example to what will happen Monday. PC Connection is an excellent company and I use them frequently to fill quick PC orders(printers, modems, etc.). They have an excellent web site and next day delivery for 5.95. Last week, they gapped up from $14 to 28 before opening, a few poor bastards got caught all the way up at 40 when it fell like a rock to 30 and hung out for about 30 minutes, then steadily came down as all those who had been long for weeks went profit shopping.
Anyway, there are a few daytraders wanting to get in and will likely drive up the price early, but I'm sure this too will top out literally within minutes as shorters begin to jump on and it will fall steadily. It will probably fall 3 to 4 points total and finish up a bit as limit orders kick in for those trying to get a good value.
FTR, I was dead on with IMAL, UBID (got out 1 day early), PCCC (Got in last week and out at 26 1/8), and I wouldn't touch this one until it get back to around 10.
Good Luck!
V~B |
