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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: gizmo&jack who wrote (49460)12/22/1999 10:37:00 AM
From: gizmo&jack  Read Replies (1) | Respond to of 108040
 
One other thing of note on OPTO for any newbies on the thread. Every recent IPO stock is daytraded massively. And the last two days, due to the holidays, have seen massive volatility. Many institutions are done for the year, retail investors have more power, same as last year at this time. Which means there are numerous momo plays. And if the stock you're holding isn't one of them, short-termers in your stock will move on to the flavor of the day. That is the only reason OPTO has gone down in the last couple of days. Now, you can try to guess when this is going to happen and sell and try to buy back lower. This can be very effective, but also very risky. You never know when the stock will jump 5 points like the other day, or worse, on a morning gap up because of news after the close. AH can give you only so many shares and usually not at the greatest price. So that is what I think is going on here. jmho, g&j