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Technology Stocks : National Information Consortium Inc (EGOV) -- Ignore unavailable to you. Want to Upgrade?


To: myonus who wrote (42)4/19/2000 8:34:00 PM
From: Hawkmoon  Read Replies (1) | Respond to of 76
 
Still watching it. EGOV is a third tier Nasday stock and that's the reason it is getting beaten up so bad.

When margin calls hit, the 2nd and 3rd tier stocks are the first to be sold to meet maintenance requirements. And they will be the last to recover after the 1st tier stocks stabilize.

If you believe in the company, buy it at these bargain basement prices with mental stops near its recent low. If the Nasdaq retests where we closed on Friday and fails, we're going down again and it WILL get ugly, probably 2,850 on the COMPX.
Regards,

Ron



To: myonus who wrote (42)4/19/2000 8:34:00 PM
From: Hawkmoon  Respond to of 76
 
Still watching it. EGOV is a third tier Nasdaq stock and that's the reason it is getting beaten up so bad.

When margin calls hit, the 2nd and 3rd tier stocks are the first to be sold to meet maintenance requirements. And they will be the last to recover after the 1st tier stocks stabilize.

If you believe in the company, buy it at these bargain basement prices with mental stops near its recent low. If the Nasdaq retests where we closed on Friday and fails, we're going down again and it WILL get ugly, probably 2,850 on the COMPX.
Regards,

Ron