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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Rande Is who wrote (36433)9/26/2000 4:27:09 PM
From: Molly Mayhem  Respond to of 57584
 
KOPN

Many traders saw a breach of the 19 support level as a signal to exit the stock to re-enter at 15-16.

Perhaps the stops being hit might explain the sudden drop???

Message 14423529

edit: Also, lots of volume today on a down day...seems odd



To: Rande Is who wrote (36433)9/27/2000 2:17:00 AM
From: Rick Buskey  Read Replies (1) | Respond to of 57584
 
If you are implying that I was "frontrunning" in KOPN yest.--you are wrong-------I only pointed out that the stock looked to have bottomed out----there were a dozen orders on the BID and only one on the ASK--and when it was said-(by who,I don't recall)that the institutions would step in around $19/sh.,that was their support area------thats why I said that,I stated my position,that I just bought the stock------that was more of "bottom fishing" at a support point-----of course,as everyone on this thread lately,when someone mentions a stock looks good and they have taken a position,the stock dives,which KOPN surely did----I felt the pain,just like anyone else who bought.So much for the support.

I am going to stop posting my picks until the market cools off a little-----tired of "taking it in the shorts"-------over and out..........Rick