SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : 100% + Gain, in 72 Hours or Less -- Ignore unavailable to you. Want to Upgrade?


To: Carolyn S. who wrote (356)1/3/1998 12:35:00 PM
From: Instock  Read Replies (1) | Respond to of 1488
 
Carolyn: I see no problems with a protective Buy stop. Dont make it to high or you might get covered on a bounce around of the stock price. On the other hand, don't make it to low. You want to protect your $$$..
If it hits your Buy Stop, you will be covered and out of the short position.
At this point, the stock could be coiling up for a move in either direction.
My feeling is, DRMD will need to drop before going higher. How low of a drop is hard to say. $5.00 to $5.50 range? If so, thats a 9% to 18% gain. If shares are 50% Margin, 18% to 36% gain.

There was some small press from WSJ and DJ on Friday about the Bio Tech sector and mention of DRMD's recent increases. This was probably good for a few hundred thousand share BUYS Friday.
No press monday and a down to sideways market, we should see a very nice dip in price monday and/or tuesday. IMO

Looks to me like DRMD is one day behind SEEK. SEEK shot up on Monday and started dropping Friday. DRMD shot up starting Tuesday. Maybe Monday is DRMD's time to drop.

As always, watch the stock closely. Get updates thoughout the day. Don't let it run up or down without you having your eyes on it.

Good Luck

Scott