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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?


To: wlheatmoon who wrote (1589)7/21/2000 12:55:11 PM
From: Logain Ablar  Read Replies (1) | Respond to of 2850
 
Mike:

I'm not hitting with a 2x4. When John & I discussed WSTL the chart looked like s***. I knew of the company from a few years ago and the "capacity constraint" issue is one all manufacturers love to have so I jumped and added more on its way up.

Here is another story. IFMX - I thought enterprise software would be a big hit this year. Purchased IFMX @ 11ish rode to 9 up to 20 down to 17 and then the shit hit the fan. Never took profits until it was $13 on its way to 4 and change. Glad you don't remember that one.

Another - VLNC (from Zeev). Last year you could by @ 7ish. sold @ 11 bought @ 11 (what can I say) sold @ 17+, bought @ 15ish, sold @ 33 bought @ 31 sold @ 22 & 19 ouch. Still ahead on this one (but barely since I added position @ $31) but the PnF stop was @ $30 and I blew it big time.

People only remember the winners but I remember my losers quite clearly (at least for a while) and try to learn.

Anyway besides those one of the few greens today (OBAS again) is DRMD. A generic drug maker. Looks like an earnings run. If they miss next week the stock goes to 4 and change but if not it breaks out of a nice base.

Tim