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To: Larry S. who wrote (52916)3/29/2005 9:44:14 PM
From: chowder  Respond to of 53068
 
Incredible Larry, NCR wiped out 4 months of profits in one day.

Here's another one. Got a mid day downgrade from overweight to equalweight and boom, dropped 7 bucks in an hour. It recovered some.

stockcharts.com[h,a]daclyiay[d20041229,20050329][pb50!b20!f][vc60][iut!Lah10,30,5!Lc20]&pref=G

dabum



To: Larry S. who wrote (52916)3/30/2005 6:56:25 AM
From: Ron McKinnon  Read Replies (1) | Respond to of 53068
 
>>> that guy couldn't have been that good

guess it all depends on how the market views the status of the NCR turnaround and what they have for a "2nd string"

a $800mm market tank does seem excessive

I ended up in for a modest position at avg of 32.11

would think this may give some decent scalp trades to take off some profit and thus lower the average cost then hold some for a while

a possibility might be downside to 28-30 and upside to 34-36 over the short term but I do think over the next 1-2 weeks there will be a decent % bounce