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Technology Stocks : DoubleClick Inc (DCLK)

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To: player who wrote (571)1/15/1999 5:22:00 PM
From: zalesky  Read Replies (1) of 2902
 
To player: I was somewhat surprised to see the magnitude
of the sell-off this afternoon with the NASDAQ being so
strong (70+ points). However with no news but good news
recently profit taking was definitely the order of the
day. I tend to think the 70 dollar barrier will be decent
resistance point on Tuesday (due to the stock hitting this
resistance point earlier in the week), and with the stock
finishing the day a few bucks above this level. I would
have to say today's action is a classic sucker's sell-off
evident in many equities a few days before earnings. I
took some good profits earlier in the week and bought an
additional block today in the upper 70s. I own several
internet issues and except for AOL I feel DCLK has the
most promise for the future. With all the positive news
pouring out of this company lately I'm betting we"ll
see a solid earnings report on the 20th plus a very positive
forward looking statement. A few upgrades should follow and
we should retrace our recent highs. Good Luck and LETS MAKE
SOME $$$!!!!
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