To: kanda who wrote (1155 ) 10/18/1999 3:13:00 PM From: Condor Read Replies (1) | Respond to
I'll second that. I'm embarassed to tell you the bid for 15 k that I put in last night speculating on a rotten day across the board. Thought I'd be smart and scalp some cheap shares. This puppy obviously has a committed following. I have to imagine that there is HUGE support if it ratchets down in a prolonged bear market. Herein lies the conundrum for those waiting it out. Will it ever soften or is this forming a new solid base at these levels? Do I buy it at .74 or roll the dice and wait? If, and its a big "if", the markets consolidate here will I be forced to come in at .80 as opposed to the .67 or so I had hoped for. Personally, I'd be inclined to take a position at these levels and buy on any weakness. Having said all of this, I have a very full position as I speak but WILL come back in as a buyer on any significant weakness. I must assume that I am a typical investor here and therefore, many/most see it the same way. Conclusion: solid support in this range, and a position should be staked out now, leaving some manouevering room for further accumulation on any displayed weakness. The danger in procrastinating, as I see it, is that there are too many events in the offing and a surprise announcement (halt in trading ? some morning) could instantly shift gears on this stock. Anyone see it another way?
