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To: Robert F. Newton who wrote (4830)3/12/1998 7:56:00 AM
From: Jeffrey S. Mitchell  Read Replies (3) | Respond to of 10786
 
If indeed the IBD article spurred people to buy, then, perhaps, just perhaps, many watched from the sidelines to see what would happen. I recall when ACLY got a write-up, the stock ran for several days.

It will be interesting to see if the dip at the end of the day serves as bait to entice more people to get in 1.5 points or so below yesterday's high, or whether it causes some to panic. Personally, I think, as in the case of DD, people watched enough profit disappear that they don't want to sell just yet. And I think even more people are wishing they got in early yesterday, so I think we should see a nice gain for most of the day with the usual slight erosion at the end.

- Jeff

P.S. Personally, I don't watch the intraday stuff too carefully because when all is said and done ALYD will hit all of Techmaster's price targets... count on it!