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Technology Stocks : Stock Swap
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To: Jeffrey S. Mitchell who wrote (16017)12/28/1998 2:33:00 AM
From: Andrew Vance  Read Replies (1) of 17305
 
*AV*--I am going to sleep on it Jeff. I think you are correct in your assumption but even if you are wrong, it will be a timing error. What that means is that it might go up further but it will go down again and make the short profitable in the long run. This is just my opinion. UBID cratered on Thursday and I would expect a retracement in your stock also, given the proper timing. Very rarely does a stock go to the moon and then out of the solar system without making a pit stop at a lower orbit.

Watching for a top and then trying to play the reversal is quite worthwhile for some of these stocks. Especially if the herd gets involved.

Andrew
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