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Technology Stocks : Engage Technologies Inc - (Nasdaq - ENGA) -- Ignore unavailable to you. Want to Upgrade?

To: Joe Griffin who wrote (289)	7/23/1999 1:20:00 PM
From: gizelle otero	Read Replies (2) \| Respond to of 754

Usually (many exceptions), IPOs will soar the first day, then settle down for a few weeks or months. Eventually, some events (earnings, news, etc.) either take it down for good or start it back up so that it can eclipse its prior (first day) high and on to great things. If you think ENGA is going on to do great things, "averaging down" is a very good strategy. Buy about 1/3 to 1/4 of the shares you eventually want and buy some more as it goes down. If you are not sure about/negative on ENGA, averaging down is your road to ruin. Bottom fishing can be deadly at this stage because NO ONE knows where the bottom may be or if there will be one. The trend is your friend...and the trend right now is down. Wait for the trend to reverse, unless you are Peter Lynch or Warren Buffet.