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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?


To: Susan Saline who wrote (29875)1/26/2000 12:17:00 PM
From: U Up U Down  Read Replies (1) | Respond to of 43080
 
I saw this on another thread concerning ASDS
"ASD Systems (ASDS) 9 7/8 -1 3/16: Stephens Inc. downgrades software company from "buy" to "neutral" after the company lost some major customers that represent about $1.7 mln of their estimated $12 mln in annual revenues "



To: Susan Saline who wrote (29875)1/26/2000 12:23:00 PM
From: Jeff Jordan  Respond to of 43080
 
ASDS, Well I sold the last 1500 @ 11. didn't want to, I let 12 3/8 go by....but wasn't willing to take anymore damage.

I've been waiting to buy some back....but 9 1/2 looks doable....9 13/16 now...Monday I didn't jump in for more @ 9 1/8 cause I couldn't tell if it was gonna stop? I think I was down 10K about then. I did sell a few @ 13....shoulda sold all if I could have....I had just bought 1500 more@ 15 the minute premarket opened....I should have been making coffee or something else for 5 more mins?.... I hate giving anything back....I was on a great roll up till then.....

I'll watch to buy enough to make up my loss at the appropriate time.

...this damn thing could creep down to 7? I can think of a few reasons it should...

I should have checked for news the night before...I had sold, then made a quick scalp for $1K, and placed one more order....and it was also filled before close....I thought I was happy....so I added first thing the next morning? My big mistake