PROGRAMMER'S PARADISE (PROG) Message Board

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Technology Stocks : PROGRAMMER'S PARADISE (PROG)

PROG 0.146

+6.5%

Jun 13 5:00 PM EST

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To: AugustWest who wrote (843)	2/26/1999 4:29:00 PM
From: Zeev Hed	Read Replies (3) of 2383

August, what a disaster! Typically when I am out for the day, breakout not breakdowns are supposed to happen. I have not had a chance yet to look the damage over. It sure broke through my "mental stop" at 12.875 and I'll have to study these charts for a ray of hope. I am not sure if I'll find any however. Did anyone see how the volume was distributed during the decline? the daily chart shows a big block of 125,000 on what seems to be the ascend back fro the lows of the day, but I would not be surprised if the MM's knew all the time that this block was waiting to be unloaded. Maybe we should believe Broderick when he says that the first quarter is going to be much less than I had thought. We may get a bounce next week, but one should not fall in love with a stock, so I will use any such bounce to bail out (while and if I still have some little profits left), pending a final consultation with the turnips. Zeev

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