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To: Skeeter Bug who wrote (154)11/1/1997 9:44:00 AM
From: Dale BakerRead Replies (1) | Respond to of 118717
 
I'll take a look though I have found the network stocks are very flighty.

You raise a point I have been thinking about. Many stocks I own or follow show sharp falls and reversals in the past week. I am wondering how many people saw the crash coming and sold out, then repurchased at the lows (often 10-20% down from the current price). How do you spot the turning points? Or did most people see stop-loss orders tripped and hang back from buying more until the price reversals confirmed that there wasn't a major problem with the chart? By then, of course, you missed the buying opportunities.

I expect the current volatility to recreate last week's events once or twice in coming months. Next time I would like to be better prepared based on what we saw this time.

Thoughts, anyone?



To: Skeeter Bug who wrote (154)11/1/1997 9:54:00 AM
From: Dale BakerRead Replies (2) | Respond to of 118717
 
I look at ASND and see a broken chart, poor analysts ratings and a price close to fair value based on projected earnings. What will make it turn north again? ASND doesn't seem to have had a good jump since the tech sector caught fire in July. I don't know how well ASND stacks up to its competitors technology-wise, but the chart is not a screaming buy.

Can you give me some more info?

P.S. I agree with you on GTW. Poor service, reliability and response on their Web site. That's why I sold my long position a while back. Next PC I buy will be a Dell or a Micron.