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Technology Stocks : ITEX is a Great Buy at under $6 -- Ignore unavailable to you. Want to Upgrade?


To: Bert Klimer who wrote (480)12/1/1998 7:22:00 AM
From: Andrew Martin  Respond to of 623
 
Don't forget Bert, the recent low prices reflect the selling of 3.6 million shares from the preferred conversion used to finance the Bxi acquisition last Spring/Summer.

If the selling has finished, which the intraday charts indicate, the days of these low prices are over. It was an incredible buying opportunity while it lasted. I was able to do some cost-avg.-down from my entry point in July.

If it runs above 5 I'll be adding when my margin kicks-in. There are lots of daytraders involved so I'll wait for a pullback to purchase. The no-news and a delayed 10K creates a heck of a trading buffer as it accumulates.