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Technology Stocks : MODA Modacad (Nasdaq: IBUY) -- Ignore unavailable to you. Want to Upgrade?


To: Sandra who wrote (189)1/23/1998 1:44:00 PM
From: Boris Strongin  Respond to of 409
 
MODA has dropped about 10 points since December on essentialy no news, or positive news. One explanation is that the stock was bid up by short term momentum players who are now exiting.

The question is: why? Is there something they know?

Boris



To: Sandra who wrote (189)1/23/1998 2:15:00 PM
From: DD™  Respond to of 409
 
Falling like a rock, unfortunately.

Looks like it hit an intradayow of 11, before rebounding.

I think I'll wait until until this downtrend stabilizes and the stock establishes some kind of base before buying.

DD



To: Sandra who wrote (189)1/23/1998 4:35:00 PM
From: DD™  Read Replies (1) | Respond to of 409
 
Nice bounce off of 11, strong finish.

Could 11 have been the selling climax?

DD