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Non-Tech : CarMax (KMX) - a recent IPO of a Circuit City unit -- Ignore unavailable to you. Want to Upgrade?


To: Bill Evans who wrote (65)3/15/2000 2:39:00 PM
From: BlueCheap  Respond to of 67
 
I took Opportunity to BUY @ $2.12, no reason for that sell off. Looks like "Stop Orders" were placed too close to trading range and got took out...Good way to be out of stock that one didn't really want to sell. Seen this happen over and over. IF one likes the company and is looking for a higher priced stock, then one can set these stop orders and make a profit. The danger is being OUT of that stock, which is OK IF you BUY back BUT most wait too long to make that decision and get left in the dust.....
Market Makers will take a stock down for no reason in order to fill those LARGE orders, perhaps from Institutions. Works ever time, small investors sell in panic and Stop Orders get taken out also.....
Great Opportunity for bargain hunters if they guess the bottom correctly.... Hope I did @ $2.12

These are my thoughts & perceptions,
Malcolm
BlueCheap