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Strategies & Market Trends : Playing Hammered Stocks for a Bounce, But How? -- Ignore unavailable to you. Want to Upgrade?

To: JEFF CHAPMAN who wrote (63)	1/26/1998 6:04:00 PM
From: Keith Lenart	Read Replies (1) \| Respond to of 159

Good thread, Jeff... I just stumbled across it. Ironically, I have been playing some these same stocks the last few days. Timing and execution are critical. I was nearly in DIGL at 2 1/8 @ 1 minute after the drop. I didn't expect it to skyrocket so fast... blew through my limit order, then at 3, then at 3-1/2, you know the story -- great opportunity (potential 100% in 5 minutes) out the window. So, As Murphy would have it, I played the VESC drop this morning quicker. In at the end of the first down run to 7-7/8. Unfortuntately, after a very brief pause, the puppy continued lower. Finally, after just missing a second limit order buy at 7 1/4, the stock rose to 7-11/16 where I took my loss. The point is, sometimes you can see the drop, be there, have realtime level 2 NASDAQ to help out and still lose money by being off a couple of eyeblinks. Good luck! Keith