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Technology Stocks : HDIE - Trader Thread -- Ignore unavailable to you. Want to Upgrade?


To: Charles T. Russell who wrote (47)1/20/1999 6:38:00 PM
From: Charliss  Read Replies (2) | Respond to of 89
 
The reason I sold near the top yesterday is because I was personally disappointed that the news we had, important as it was, did not sustain that price the way I thought it should, or had hoped it would.

When I bought back at the bottom- and the bottom was just as temporary and brief as was the high- I was thinking of holding for another 1/2 to 3/4 gain. That wasn't to be. That was fine with me- no distress there.

However, I am not sure that I would even sell at a pop tomorrow at the open, unless of course it were really big, in which case it would be a given that there would be lots of profit taking, and thus a realistic opportunity for buying back lower. A pop tomorrow based on visibility and a stock coming into its own is a lot different than a pop based on pre market released news.....there would be less panic selling for profit.

Not only is this definitely not the old HDIE where there was some gain on news followed by a pull back to the old levels where it would then sit for a long time; it also is not hyped, and not yet so popular and so volatile that there are big intra day movements for really active day trading.

I see this as a long term investment that will give swing trading opportunities in addition to an overall, sustained and orderly progression upwards.

So, for tomorrow morning, I don't know. Things will have to be watched, especially what sort of volume attends which movements.

What's your take on this?



To: Charles T. Russell who wrote (47)1/20/1999 6:41:00 PM
From: TEDennis  Respond to of 89
 
Wow. That was a surprise. Just got back from a movie ("In Dreams" ... very weird) and discovered that a verbal stop loss took me out of CPWR at 63 for a whopping $0.25 profit. Hardly worth the effort. It does pay, though, to put those stop losses on gambles when you're not around to baby sit.

Oh, well. Can't win 'em all.

Lower than when I bought right now. Have to watch it tomorrow to see if it still wants to go down a bit. Should be a good chance to get in again. Or not.

HDIE closed strong. Might move up tomorrow. It will be interesting to see what happens after all the institutional buying dries up. Anybody have any ideas on determining when that's about to happen? (not AFTER it happens).

TED