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Non-Tech : CAOL: The Chinese AOL and Internet Lottery
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To: Eagle who wrote (347)5/25/1999 9:57:00 AM
From: Dave Gore  Read Replies (2) of 720
 
All, we wait for news and all I can say is that, in my opinion, the company is further along than it was a month or two ago when the stock was double where it is now.

There is often a tendency to want to sell when a stock drops so low, but I have learned that often (not always of course) that this is the best time to buy.

After all, when a stock is near its 52 week low and hopefully major support (look at the chart), and the company is making progress the, imo, it has a much better chance of going higher rather than lower from here.

My tendency it to play the odds. If a stock has doubled or tripled, then the odds are it will fall back. If a stock falls to near 52 week lows, and it is a good company (this is the key), then odds are it is pretty safe and it will go back up, expecially on news.

Use your best judgement but remember some of us are not holding for small gains, but hopefully a very large one and that will take some time. I am going to watch them closely and as long as they report significant progress in the near future (which I believe they will) then I will keep holding and buying the dips.

There is no question we need news and an update from the Company and we should get it soon.
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