To: GalSal who wrote (1480 ) 2/1/1999 9:08:00 AM From: YosemiteSam Read Replies (1) | Respond to of 2489
Sal, you're asking a big question. There are ifs, ands, buts, and all sorts of guessing and luck involved. If I had more money to put to work, and I weren't overcommitted to this stock, I'd do it, provided the following: - With the web site up, that nagging question is eliminated. - Will the company have good PR campaign? They went with a well-regarded PR firm, so that should be ok. - Given the stock price performance recently, is there more upside potential in store? I believe that there is enough to take the risk. - What type of order to place at the open? I'd recommend a limit order, unless you believe, based on the pre-market pricing action, that the broad market has not seen the news yet, and that therefor your order won't get caught up in a mass entry only to be executed at the top. The risk is that they have seen the news, and all yawned. - The price to offer? Again, watch the pre-market activity, and try to decide where you think it can go. That's one of our problems, as we often have no clue that the stock we bought at 12, and sold so happily at 15, was going to shoot to 23, or 31. It may drop back down to 12, or less, or it might stay up in orbit, but we had no clue that it could, or would. Except that it's happened before to other stocks... So, if I had money to buy 1,000 shares this AM, I'd be making my decision at about 9:27, placing a limit order, and watching the pre-market pricing, the newswires, the message boards, and CNBC, and I'll guess here by saying that I'd happily buy at anywhere from 11 to 15, expecting the price to reach high teens/low 20's at some point today or tomorrow. That's my guess, and that's why I'm holding my 20k shares. Keep your kids home from school and get them to help you with all this! And good luck!