To: Dale Baker who wrote (15006 ) 1/24/2000 10:09:00 PM From: Steeliejim Respond to of 118717
Sold my ELON at prices ranging from 40 3/16 down to 39 1/2. Methinks there's probably some more downside, at least NT, as you pointed out Dale. Also, Yahoo board ELON longs are sounding a bit desperate in trying to buck each other up and are insulting even the most reasoned voices of caution--a warning sign to me. Kinda like noisy shorts in reverse. ELON will have its day(s) again, just not manana, IMO. All in all the day turned out pretty well. This was the first time I've used DIR's extended hours trading. I like it. It would be nice to see all the trades (not just mine), but I'm not complaining. Considering the afternoon action today, I'm quite happy with not only dodging a bullet but actually coming away with a gain. And that was w/o EDIG. There was a good entry point today when it dipped on profit-taking, but it flew again and, alas I had to do some day job work--ok,ok, I chickened out. Gotta listen more closely to you guys. All I can say guys is, "Dang!" a term I haven't heard in the longest time. I got it from an unlikely source. I wrote a story (one of my sidelines) this weekend about a 7-year old kid who caught a 23-pound rainbow trout, one of the biggest ever caught in California. I asked what he said when he got his first good look at it. He paused for a bit, trying to remember, and finally repeated the one word exclamation--"Dang!" Not only quite an understatement, but more than a bit incongruous coming from a pre-teen of the new millenium. HLTH also offered a place to jump on this am, but I watched it too. There ought to be a bunch of springback ops. off the sharp drops tomorrow am unless everybody jumps onto the "bargains" preopen like they've been doing since the beginning of the year. I'm probably gonna keep my powder dry until things settle after the first 1/2 hour. Quite a few stocks actually held up well in the sell-off, EDIG, LQID and HLTH being three, and they could easily continue to run. I still think HLTH is going to be another PPRO at least in NT price action. DITC. gave up most of today's gains, but it will run again when the overall market stabilizes, IMO. Norman, what are your thoughts re. the RSAS selloff? Is it in response to competition claims of leap-frogging the technology, or just the normal correction after a big sustained gain? Opinion please? Jim