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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV
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To: mike.com who wrote (4509)6/3/1999 6:09:00 PM
From: jmanvegas  Read Replies (1) of 13157
 
Not on margin - won't be wiped out. But the psychology of the marketplace is such that why hold in here if the Dow corrects significantly more which could cause a washout or wipeout of Naz. In that scenerio, those who sell now and wait to buy in at much lower prices will have more capital to buy a greater number of shares at those low prices. The problem I have with the market right now is that everyone knows that certain individual stocks: techs, financial, drugs, etc. have tumbled bigtime. So where's the buying on the dips. Maybe the rules have changed and nobody is buying on the dips anymore and that a bear market, though short in time frame, could be creeping in where there is a slow, steady downward movement with no conviction to buy in at the dips anymore. IATV is up several hundred percent this year. Is it time to give more of that back? I don't know the answer. It seems that good news and upgrades haven't moved this stock at all. Something ain't right - just can't put my finger on it. One would think at this juncture of the IATV game that the stock would react positively to good news and upgrades. Is IATV caught in the "net" bubble or the "you've gained several hundred percent" bubble which leads to a significant nearby correction in this stock.

By the way, if the stock goes down to $8-10, and I'm not hoping for that at all, you will see a lot of complaints on the various threads how this stock sucks bigtime. Oh well - only time will tell.

jmanvegas
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