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To: Mad2 who wrote (2951)10/29/2000 10:09:57 PM
From: Mike M  Respond to of 5582
 
Well since we are offering our opinions here, I'll offer mine. The stock has bottomed and it will go higher than the recent 17's... If the stock were to go to 9 (all things being possible though I consider it highly unlikely) then I would expect a sharp rally into January.

mad too



To: Mad2 who wrote (2951)10/30/2000 8:33:55 AM
From: Hank  Read Replies (1) | Respond to of 5582
 
You may have a point. That huge gap down Friday will probably be filled with a short term 2 or 3 day rally but expect the slide to continue after that.

If you're an aggressive trader, you might get a point or two trading the long side for the next couple of days.

I would also agree that a serious bottom won't be seen until probably Jan. or Feb. Then, it will do the "dead pig" bounce and oscillate between a marginable $5 and less than $5. I love it when a stock gets to that stage. It's free money to simply short whenever the stock becomes marginable and cover when it falls below $5.