Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Gordon Quickstad who wrote (2703)	4/21/1998 1:18:00 PM
From: John Curtis	Respond to of 27311

Gordon: Currently $4 23/32 $4 13/16 on triple normal volume for this time of day. Your electrical storm has struck the 'ol transformer dead-center and is frying it as we speak. However, we appear to be off the low of $4 1/2 for the day, so it may yet end up the day above $5. For what it's worth, if pending news is REALLY out there a'comin' then for GOD'S SAKE keep your stop losses MENTAL!!! Why mental? Because when you place a stop loss on the NASDAQ every MM and their mother can see it, so you're just begging them to swooooop that bid/ask down and take out your stop loss for a quickie bundle of cheapie shares. Meanwhile you eat the loss. I've seen this happen many times on the NASDAQ just day's/weeks prior to a company positive announcement. Now don't think I'm implying the MM's know something ahead of time; most probably they don't, but they'll most certainly be tuned to a company on the verge, and as that "on the verge" get's closer they're not above playing a wee few shenanigans. Of course, this presupposes that this dip wasn't for bad reasons... Bottom line, when playing the NASDAQ keep those 'ol stop losses mental, unless you enjoy playing poker where your opponents can see your hand while you can't see theirs. Regards! John~