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Technology Stocks : Purchasepro.com Inc. (PPRO) -- Ignore unavailable to you. Want to Upgrade?


To: Steeliejim who wrote (166)10/7/1999 7:14:00 PM
From: Susan Saline  Read Replies (1) | Respond to of 748
 
this has been contrarion lately .. is my thought

when the market was in dive mode PPRO was high flying ... and now the last couple days we see wishy washy in a strong market ... traders/investors not quite sure ... they hear about sell on the news ... and mediacre analyst coverage, so they are unsure of what to expect from PPRO. This is understandable.

Tomorrow I am expecting to see some profit taking on the NAZ, lets see if PPRO continues to be the contrarion and goes up

chartwise ... again on support line at 35 to 37 it was pounced on ....
then, into the close when you would have expected it to selloff like many did the last hour ... but instead it was pounced on again.

I believe we will see similar to (LIOX today) when the coverage and upgrades (whatever) come out, they will be better than the usual hold or accumulate, mostly due to the current strenght of the chart.

sure it went down for a couple days, but not much, the selling met with buyers and the chart is still in a fine uptrend.
No stock goes straight up or straight down (well most anyways ggg)

sue