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Technology Stocks : Stock Swap

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To: trend line who wrote (16116)1/29/1999 5:57:00 AM
From: Andrew Vance  Read Replies (1) of 17305
 
*AV*--sorry for the delay and it is too late. I got rid of all my NPRO based on some firm principles I ascribe to. I let the profits run and after Tuesday's move on volume, I let held until Wednesday's run started to fizzle. I was out just under $3,pocketed the profits and then bough the identical amount of shares back at $2.50 towards the end of the day. With a 10% LLT (lower limit Trigger in place), I was out of the stock early today at $2.25 for a 10% loss on the re-entry.
Never try catching a falling knife was an expression coined here by a reader. I got out right but decided to try my luck.

Anyway, most of my shares were extremely close to $1 and the exit was at very close to $3 for a nice tripling of my investment, most of which came within the last few days. I held this for a good deal of time. NPRO was discussed with readers and we charted a course for this stock. We are waiting for this reversal cycle to conclude and then will look to get back in.

Andrew
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