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To: Tunica Albuginea who wrote (4277)6/18/1998 2:58:00 PM
From: Eric Hong  Read Replies (2) | Respond to of 16960
 
To all the longs,

I have been tracking this stock since last Q's earning. I'm a TA guy. As far as I can see, there is no reason to buy this stock until it's bottomed. "Never catch a falling knife" rings true again. We all know that this Q is going to be a great Q again, but WS is looking for 5-6 months down the road, how do you longs in this thread know that the same debacle happened on the last blow-out Q won't happen again. Even with a great Q, WS might just brush it off again.

Stock falls on its own weight. You don't need a lot of sellers to get a stock down, all you need is that buyers dry up. Without buyers, sellers would lower its asking price. Last few weeks the selling was due to large amount of new shares and large institutional sellers. But with doubts planted in the new buyer's mind by MONT, we may not have a lot of sellers, but without new buyers stepping up to the plate, the stock will still fall but at a slower pace. I expect a rebound sometime soon, I think that will be a good chance to get out, hold you cash, wait for the bottom and then buy back when the stock starts to go up after a break-out. I know that I may not catch the bottom but I am willing to trade a little less profit for a lot less risk then if I buy too soon. This strategy has saved my rear end a few times.

Just to toss it out for you longs to think about.

Eric

P.S. I have no position in this stock at this point but watching very closely.



To: Tunica Albuginea who wrote (4277)6/18/1998 8:34:00 PM
From: Pierre-X  Read Replies (1) | Respond to of 16960
 
Re: the twitch generation

You said:
I see it everyday right here in my home. I have two kids who are essentially glued into the PC playing games with neighborhood kids. This is going way beyond anything I had imagined.

Thanks for your entertaining stories <g>. You mean you don't ever play like this? <ggg> When I first got Gran Turismo I think I must have been playing for around 14 hours straight. Okay, I admit, we broke for food once. <g>

Any Unreal players here want to form an SI Unreal league? <g>

You know, that's a very interesting point you make about the ISDN and multiplayer. It could very well be that the multiplayer revolution/evolution is creating some life in that part of the traditional technology adoption curve that, earlier, I argued did not exist for entertainment goods -- the late majority/skeptics segment. Now, there's material inventive to "keep up with the Joneses" bringing otherwise-reluctant consumers into the technology fold.

God bless your family,
PX