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To: Wayne Rumball who wrote (156)4/21/2000 9:48:00 AM
From: ChrisJP  Read Replies (1) | Respond to of 268
 
Scalping seems like so much work.

I bought some OPAY at 5 1/8. Decided to let it ride. I figured with the huge turnover in float, the new low price has pretty much been established. I could be wrong though -- especially with MSFT comments and the market's reaction to them.

Right now I have soft spots for 2 stocks: DPPI and MLOG. I think they are trading at or near lows and have good fundamentals if you believe they will successfully increase their sales and profits. But again, in the current market conditions, that doesn't mean much.

Another one you might be able to have a "scalping party" with is EGGS. Took a huge dive in the last 20 minutes of trading. Huge volume as it approached $4. It's real low and has a huge short position. No clue why and no predictions from me. I bought a few shares in after hours @ 4 3/16 for fun.

The fact that when stocks drop below $5 they become non-marginable, won't help the price though.

Chris