e.spire Communications (ESPI) Message Board

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Technology Stocks : e.spire Communications (ESPI)

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To: Mr. Big who wrote (204)	4/10/1999 10:02:00 AM
From: Instock	of 471

If you look at the One min. Chart, the sell off at the end was in the last 2 mins. or less. 4 mins. before the close, the stock was in the 15 3/4 to 15 7/ 8 range, then a flurry of sells ( Probably last min. profit taking ). Also, the High for the day was apx. 30 mins. or less before the close and that was after it took out the earlier High of the day which the stock closed at. Still think that the weekend "Business Week" readers, as well as all additional Press friday and saturday, will provide strong buying at the open. Other sources of press will help the stock at the open, after that it is anyone's guess what the stock might do. If the stock does not GAP UP a good amount, it might not be a very good short sell. Needs that GAP to be a Good Short sell. If it opens sideways to down a bit ( not to likely IMO ), It might not be a very good short sell. IMO There is always the chance of more News coming and adding to the gains. If more News comes out, shorting this stock will have to be delayed till the short sell squeeze is over. We will see monday...... Instock

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