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Technology Stocks : FORE Inc.
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To: Doug who wrote (11992)4/18/1999 9:26:00 PM
From: DGG  Read Replies (1) of 12559
 
I don't have a price target. I am just watching and waiting.

I am long FORE from well below $20 on average and so can afford to let it slide against me a little before I get out. BUT I can honestly say there has not been a day which has scared me enough to think about it. One night I sold out 500 shares and then picked them up the next day 1/4 higher - $125 is a small price to pay since I think I did that around 22.

My only point is that if you have been following the stock closely, as I am sure we all have, then you can see there is clearly huge buying interest on every dip. Almost without exception, this stock dives 3/4-7/8 each day only to close at least unch if not considerably higher. The fact that on any given day that it looks to be topped out is less important that the big picture which is that this stock simply will not go down. I may lighten up ahead of earnings but only if something in the price action ahead of time tells me people think something bad is coming.

All IMO only. As always, best of luck to all in and out of FORE.
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