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To: stun who wrote (5095)3/15/2000 4:40:00 PM
From: Wayners  Read Replies (1) | Respond to of 5827
 
What has happened is the Nasdaq composite has turned down and when that happens, people get nervous and take profits wherever they have them--including BLDP. Its all about price action and company stories on the upswing. I find it impossible to call bottoms ahead of time. The best you can do is react quickly to potential bottoms. With BLDP, watch for the next up day meaning, it hasn't bottomed until you are confident that its going to close above its opening price that day. Then its worth try to buy on dips during the day using the same strategy of looking for selldowns and then looking for an up bar. Today was another down day for BLDP so I don't see the bottom yet. Could happen tomorrow, could happen Friday I don't know. Watch the Nasdaqcomp also. its had 3 brutal down days in a row. A lot of times 3 down days brings in short covering that will last a day or so that you can profit from. Again, the drop in BLDP has nothing to do with BLDP or competition.