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Technology Stocks : Healthcare.com Corporation (Nasdaq: HCDC)was [HDIE] -- Ignore unavailable to you. Want to Upgrade?

To: Emec who wrote (1298)	6/22/1998 6:02:00 PM
From: Raymond James Norris	Read Replies (5) \| Respond to of 15094

David and David: I'll be accumulating all the way to $3. LET ER RIP!!!! I hope I can buy at 3 1/2. No. I hope I can buy it at $3. With all due respect, I think there are serious problems if the stock falls to those levels. I was once strictly a fundamental kind of guy. Now I use TA with Fundamental Analysis to better my trades. I can read a 10Q, understand ratios, trends, growth, expenses, etc. But what I learned in Fundamental Analysis were two things: A. If everything looks great with the company but the stock continues to decline, there's something the public just doesn't know yet. B. When promises are made, they are only relevant when they occur. I say this because I've been burned once to many times with people talking about this contract or that. About this buyout or that. And frankly I don't believe any of it if hasn't been announced by the company yet. What's more is that a promise hasn't even been made by the company yet. There are only whispers of contracts and bigger things to come. When it hasn't even been spoken by the company, that dramatically cuts its chances of being true. I began learning TA so I could get an edge before things were announced. TA isn't simply looking at what a stock has done. It measures the psychology of the crowd. If any news is true, then surely people will be accumulating the stock thereby preventing it from showing weakness. Weakness implies the rumors may not be true. Some may not believe in TA at all but it's saved my skin more than once. If you check the Oxford Health Folders on SI during September and October, it was being called the best company in the world. Anytime someone said "it'll drop," people came back and said "I'll buy more." It's nothing new for me to see people saying they hope it falls more so they can buy more. Unfortunately the only ones they're deceiving is themselves. Oxford broke down terribly later that month, closing below its 200 DMA 2 days before word was released of their problems and the stock lost 70% of its value in one day. The chartist saw it coming. The breakdown was in the chart before it was in the news. I'm bullish on HDIE, no one can deny that. But if I see weakness, I don't care if everyone declares they'll be buying more. It doesn't make an ounce of difference to me. I've heard the same story too many times to be fooled by it. If it's temporary weakness, I can always buy back when the stock comes back through the 50 DMA later on. If it's not, I'm saved a lot of heartache. Either way, I win. So if the stock tomorrow breaks below its 50 and tumbles down, you guys go right ahead accumulating. I personally would take my small loss and get out of here. I have no doubt people were saying "I'll buy more if she falls" when HDIE was at 7. Good Day, Raymond J. Norris