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Technology Stocks : PROGRAMMER'S PARADISE (PROG) -- Ignore unavailable to you. Want to Upgrade?


To: Bosco who wrote (2121)2/11/2000 10:10:00 AM
From: Carl R.  Read Replies (1) | Respond to of 2383
 
One change I did make, just in case the TJ pump and dump goes the same as last time, was to put in a limit sell at 9.5, just in case, for part of my shares. As has been pointed out, the net effect of TJ's last raid was that the stock, which started at 6.5, was trading at 5.5. The reason was that his raid allowed some long time holders an opportunity to exit, so that when the raid was over they had to find some new long time holders to replace those that had left, ending in a net drop.

This rise to 6.50 just has us back where we were.

Carl



To: Bosco who wrote (2121)2/11/2000 11:10:00 AM
From: Probart  Respond to of 2383
 
Bosco,you are absolutely correct, their logic is equally valid and therefore yours too.