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To: Trader J who wrote (6605)10/19/1998 4:37:00 PM
From: HandsOn  Respond to of 119973
 
When there is bad news like Today re ANIK, it's usually better to wait until second day to buy the stock. If it does not open up Tomorrow, people who got it in the 3's will bail plus it takes a few days for margin selling to be over. I watched most of the afternoon, it could not break 4 13/16 and dipped quickly when day traders bailed out. I'll keep an eye on it Tomorrow.