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Technology Stocks : Telegroup Inc (TGRP) -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Jimmy who wrote (19)	10/23/1998 11:50:00 AM
From: Jason Flora	Respond to of 118

You're playing a dangerous game as you've noticed. I saw the fall to 2 this morning, waited too long to pull the trigger and saw it back up to 2 3/8. If you're playing it as a day trade you might want to simply set a limit around 2 1/8. It may never hit, but it is never a good idea to chase a stock. If you're day trading it - don't take your eye off the screen. It moves too much in its range to effectively use stops. Until we hear a release from the company that they have found financing you take the chance that they could file chap 11 and you will wake up to a true penny stock. Granted if they announce they have financing you could miss out a pop to the upside. The question here is what is your risk tolerance. I wouldn't trade a penny on Telegroup that you can't afford to lose. Good luck to you! I am hoping for good news on this one myself.