SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : INTERFACE SYSTEMS (INTF) GETTING INTO EBPP? -- Ignore unavailable to you. Want to Upgrade?


To: BinkY2K who wrote (1118)4/12/2000 12:50:00 AM
From: Kahlua  Read Replies (1) | Respond to of 1203
 
I sold for a couple of reasons:

technically INTF is breaking down IMHO and has already tested support in the 32 area, if we break 28, next support is the low 20's. I haven't the foggiest if it will go that low or not.

the Naz is breaking down technically, and the market is re-valuating many stocks. 3650 or thereabouts needs to hold for me to feel comfortable in this market and at this point I'm not sure it will. Longterm, I think INTF is a great company in a booming sector but shorterm, I feel safer with the cash. I will own this stock again but I would rather be on the sidelines for now.

<Of course, you helped contribute to the 20% drop. My other stocks only went down 3-4% because there was less panic>

I did not panic at all, my stop was set last night at 42 - another technical sell signal - Needless, to say I got burned when the stock gapped down 9 points at the open - MM's really get to have some fun with this one.... But I learned my lesson, I will never leave an open stop order in pre-market, I could have done much better if I would have waited for the stock to recover.

Regards

Kahlua