To: hoffy who wrote (418 ) 6/7/1998 10:56:00 AM From: H-Man Respond to of 1084
To All: The time to buy a stock, is between the news releases. Traders will spout the axiom, "Buy on rumor, Sell on News". After the 4x run-up, .37 to 1.56, an subsequent retrace, the stock imo is at a supportable price. Little downside from here. Those who are impatient, will sell and not be rewarded. When there is no demand, any sell, no matter how small will down tick the price. Patience is key. The down ticks on small volume are a buy opportunity and nothing to be concerned about. MM's count on just such occurances. On another note, Another 3x+ run-up, within really 24 hours will not be sustained. (absent SIGNIFICANT news of course.) TM, like him or not, often speaks just plain truth and by his own admission, gets him in trouble. He had a post somewhere that said somthing to the affect: "The price ran to 1.50 because greedy people placed market orders before the open". Is there anyone who can disagree with that? That kind of 'behaviour' (market orders at open), should not and can not be supported. Anyone who does that deserves what they get. It is just plain stupid. It simply makes the price more volitile, attracts too many daytraders and makes it harder for the price to climb in a steady manner. Day Traders and mo traders will sell on such extreme spikes. Usually 70 - 100%. There are many people that make their living this way and the increase in volume is enough to to generate interest. Your best shot is to take advantage of it if you already own it, sell a little, and buy it back, ie more shares at the same $ amount after it retraces. You simply consume more float that way. If you don't own it, or your limit order is bypassed, just wait till the correction. If you've done your DD, and it's a solid company, you can still make good money. If you look at the history of INFE, or ICVI you will find that it never, and I mean never, supported a 3x runnup in such a short time. Now I hope that from here on out, the stock does not behave like that, but if it does, you know what I will do and when it's all said and done, I'll own 20% more shares than I did at the start. My hope is that it behaves more like DGIV. Lots of short term doubles but no triples. On a double i'll hold. Now, Im not trying to lecture anybody here. My only intent is to help shape a forward looking strategy, to make money on this stock, long term. A sustained $4 share price will do miracles for this company. Let us all unite and get it there.