To: AlienTech who wrote (932 ) 10/6/1998 6:52:00 PM From: SpecialK Read Replies (1) | Respond to of 43080
All, I entered a position in CPWR last Friday at 50, today it is at 40 3/4. This morning, I had several chances to get out at 44-45, didn't really expect it to close lower, as I didn't expect the Nasdaq to finish lower. Now, I am a stockholder in this company until it gets back to at least 50. Any thoughts on this. I think if it breaks 40, then it goes to the low 30s. Any TA on the market in general? I am worried that all this volatility is ahead of something bigger that will break this market. VIX is at high levels, so in a way the expectation is there for a big drop and if most expect it, it won't happen, instead we go higher. Should I jump out and try to jump back in, acknowledging the loss I have or do I hold out. Until now, I had noticed that CPWR had bounced back well in previous drops and hit new highs before dropping back. It is pricey but it has been successfully growing where others have failed. Is this another case of getting into a success story too late and also, not being inside to know that bad news is awaiting? Sorry this is kinda long and on several topics. Ketan Only CPWR was down 7.5 vs. 10 yesterday but -4 and -5 the 2 days prior. BMCS and CPWR have gone from low 60s to low 40s in 5 days. No negative comments from the companies. Will they ever rebound? If I had more cash saved up, I'd be buying more, but I don't, so good luck to those who do. >>>>>>>>>>>>>>AlienTech on Oct 6 1998 1:48PM EST Software companies gets their chicken choked! ouch! LGTO DOWN 10 today ouch! BMCS DOWN 10 yesterday ouch! JDEC DOWN 10 why not ouch! PSFT DOWN 10 heck close enough the day before. Note, None of them warned.