To: DayTraderKidd who wrote (23 ) 11/22/1998 10:01:00 AM From: Paul A Respond to of 332
Wow you sound pretty negative on CMPL! Hope your not invested, or you must be having trouble sleeping! THe only thing that will make CMPL fail come tomorrow is if everyone like yourself who held over the weekend puts in a market order to sell at 8:30, and the market will be flooded with shares by 9:30.. Why dont I think this is going to happen? for starters we didnt tank at the end of the day, but rather the momentum players closed their positions for the weekend. Buyers came back at $20 which isnt bad for a friday. I suspect Monday we will see renewed interest from an entire weekend of positive press, and if the techs. are flat to slightly higher there should be a small demand forcing the price up. Most people who held this over the weekend are not going to sell for less than $22 or 23- thus my guess of a 22 3/8 open. If the deman increases before the open, which is what I believe- the price will open between $23-25. So far as it moving up or down after that? If it gaps up, youll have plenty of time in the first 15 minutes to watch it and make an exit if it falls back.. I seriously SERIOUSLY doubt this issue will gap down, and tank tomorrow.. That would have happened at the close on Friday.. ENTU did that a while back.. Momentum players came in, drove it up, and when they left if fell straight to the bottom.. and even THAT one gapped 2 points the next day before continuing to fall.. By the way coffee pot, good call last week on CRGN (was that the symbol of that biotech)? anyhow- you predicted a rush to the exit on that issue and you were right on.. Glad your betting this one will move tomorrow..