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To: JOHN WHITE who wrote (1312)4/29/1998 10:32:00 AM
From: Jim B  Read Replies (2) | Respond to of 2897
 
hmmm just got an alert on this one.. what's with the big drop??
news due out soon or is this just a well needed correction??? I have
no idea or any info on this one.. so just dropped in to get a feel
for things..

jim



To: JOHN WHITE who wrote (1312)4/29/1998 10:38:00 AM
From: BlueCheap  Read Replies (1) | Respond to of 2897
 
NO, I expected profit taking, but we had SO MUCH momentum buying over a longer period that the price held up longer than I thought it would.
The TRUE test will come when we see just HOW many investors will buy in after the selling stops. This will create panic selling from two sectors, the ones trying to PROTECT profits and those who bought at this high run up.
This is healthy, it happens almost every time and we should now see a NEW BASE, although we could see a fast UP & DOWN all day into tomorrow. Friday will likely show us where the Base really IS....Then we can make decisions:-)
Regards,
Malcolm