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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV -- Ignore unavailable to you. Want to Upgrade?

To: art slott who wrote (7903)11/19/1999 3:23:00 PM
From: Mike Fredericks  Respond to of 13157
 
It doesn't matter about the close, true, but I think that if the stock price closes up, it keeps the stock's owners in a positive frame of mind, makes the stock look more attractive, etc. So even though 1/16 doesn't make much difference, I'd rather it close up 1/32 than down 1/32. It's got a psychological impact, IMO.

Certainly wouldn't look too good if we ran up past 25 and then ended up finishing down on the day, especially if we close at the daily low. Would make it look like we hit the local max and have come down off of it. If we can both close positive on the day and above the daily low, then that would be best. Short-term. Long-term none of this matters.

-Mike



To: art slott who wrote (7903)11/19/1999 3:25:00 PM
From: mike.com  Read Replies (1) | Respond to of 13157
 
Art, Steve Harmon is on CNBC in a few minutes. The last time he was on all he talked about was AOL. He said it was a good stock. Duh! As you know, I've been talking up the virtues of IATV to him for about a year now and he has yet to make a call, other to comment that he sees the sector heating up and it's not yet IATV's time. He could have put a buy on it at 5 and looked like a genius. I'll give Stoss credit, he was early and he was right.


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