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To: Jibacoa who wrote (91)1/28/1999 10:47:00 PM
From: Step1  Respond to of 135
 
Jibacoa, i was a bit surprised to see the magnitude of the drop,
abut i guess it was a "sell the news scenario".
This company is making money, and that is not good in those tulip days... It was better when they didnt make any and could promise the moon instead... :-)

although for obvious reasons i would like to see it much higher, i think it is a fair price right now, and unless some major news comes down the wires, we could be around the level you mentioned in your post (7.00 to 7.50) .

The future is increasingly uncertain and i am not adding to any positions, just enjoying the ride when the going is good and cutting losses short when they appear.

best of luck

sg



To: Jibacoa who wrote (91)1/29/1999 9:15:00 AM
From: Stew  Read Replies (1) | Respond to of 135
 
If it drops back to the $7.25 range I'll certainly be interested. My source says it's liable to be slushy for a bit on the post-news selloff but is still looking for $15.00 - $20.00. What do you think?