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Technology Stocks : Liquid Audio Inc - (Nasdaq- LQID) -- Ignore unavailable to you. Want to Upgrade?


To: Srinivasan Balasubramanian who wrote (288)7/21/1999 10:56:00 PM
From: ChinuSFO  Respond to of 674
 
Srinivasan, now that MP3 has IPOed, investors will weigh the Pros and Cons vis-a-vis LQID and MP3 and then make their decisions which one to go with. I am expecting them to go with LQID. Seeing the spread between the high of the day and its close price for MP3 and LQID. I see less volatility in LQID. Also it tells me that investors in LQID on IPO day were less of "Momentum investors" that LQID.




To: Srinivasan Balasubramanian who wrote (288)7/21/1999 11:22:00 PM
From: Trade4$  Read Replies (1) | Respond to of 674
 
When the volume picked up, the price went up. When the volume dropped the price eased a bit. That tells me that most of us are holding long for much higer prices. However, some went for the quick profit (the day traders and momentum players). As soon as we can shake them off, investors will drive the price up to 100 or more.

The big dip at the end of the day is very interesting however. I am not sure how to read that. Could it be MM's trying to shake out stop loss orders? We will get a better idea of what is happening at the open on Thursday.

Sure am glad I did not touch MPPP. In about a week, it might be a buy opportunity but I think I will stick with LQID. It looks much more predictable from chart analysis and has a lot more going for it.

Long on LQID and QSSY. Guess I like those Q's.

Trade4$