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Technology Stocks : DoubleClick Inc (DCLK)

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To: A T who wrote (1606)4/22/1999 5:06:00 PM
From: LWolf  Read Replies (1) of 2902
 
AT... I just looked at 15 min intraday....

It's nerve racking to see a stock end slightly down when you've bought on the gap-up of the day's open .....

But why don't you go back and look at the general trend across several days..... it's up... DCLK did close higher than yesterday, and the day before and the day before. If you look back to 4/13 you'll see where a few other folk bought in: 162 and that's our resistence ... but we'll probably break past it next week (on or after earnings).

Today's Thursday.. some of the trader's start winding down today, and we could see more of this tomorrow... and stay flat. Earnings come out Tuesday... Also, I've heard, but could not confirm that MMs sometime build inventory for future surges (like maybe next week... in anticipation of high demand).

The volatility in these stocks is why you want to be long and look at the longer trend.... you'll make yourself sick if you follow the intraday on them. (Unless.... you're daytrading DCLK... then by all means you need to learn it's intraday patterns... but you also need some pretty good TA tools).

The other point is that the market is broadening out.... money is flowing into a lot of areas.... each area gets a day in the sun... but not everyday... they don't all move up in tandem. <G>

regards,
laura
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