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Technology Stocks : Modem Media . Poppe Tyson (Nasdaq: MMPT)
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To: Irish King who wrote (305)2/9/1999 3:36:00 PM
From: Toby Zidle  Read Replies (1) of 821
 
I disagree a bit, Irish King. If you are convinced that a stock will be rising above its current price, then it's a buy regardless of whether you already have it in your portfolio at a higher cost. If it's going up from where it is now, it's a buying opportunity NOW! Of course, the real determinant is the degree of confidence that you have that the stock is really going to rise.

As a personal practice, I don't buy stocks as they're going down because I can't judge what the bottom will be, but on a $2 or $3 rebound, it becomes a prime purchase candidate - with a mental stop in case the original bottom is tested again and fails.
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