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Technology Stocks : VISIO Corp (VSIO): Big ISO 9000 Play
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To: trouthead who wrote (329)1/21/1999 7:34:00 PM
From: h.l. meeks  Read Replies (1) of 522
 
Junior: I'd wait for this one to level out. VSIO may bounce for a day or two but the bounce will be small. Risk/reward is not good from the long side. The downward momentum is clearly evident. A huge gap-down selloff on high volume foreshadows more price-decline in the nearterm. Fundamentally, the stock may be worth every penny of today's closing price, but investors voted with their feet today. Currently, I'm short VSIO. I always try to trade with momentum, and not against it--- that way I sleep good at night.
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