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Technology Stocks : TECD - Tech Data -- Ignore unavailable to you. Want to Upgrade?

To: JC Reddy who wrote (376)	2/2/1999 5:14:00 PM
From: Wowzer	Respond to of 584

JC...You make some good points but I respectively disagree with you that TECD behaved the way it did because of the overall market. A 50 point move on the NASDAQ up or down is nothing anymore especially over the last month. I like to play "bad news" stocks because you usually get a nice little bounce out of em before the day is over or at the opening on the next day. Especially if it is a decent company with good fundamentals such at TECD. The thing that bothered me the most about TECD is that it never bounced up more than a 1/2 point or so and any bounce was very short lived not more than a few ticks. It wasn't that there were a lack of buyers it was the fact that the sellers were waiting for any type of strenth to unload their shares. And according to Yahoo this wasn't a heavily shorted issue, so the sellers were real and they wanted out. All the while both the Yahoo and SI boards had nothing but positive comments on what a great deal this was and how every one was buying at this price, doubling up, averaging in, etc. etc. I don't think I saw one negative post today, but the price just kept dropping anyway wierd. This one just looks to easy when doing a quick review of the company and it should of had some type of bounce today in my opinion. That being said I was only in this for little bounce, it didn't happen so I got out. Since analysts on CNBC like to make fools of them selves when pretending they know which way the market is going, I will give it shot for TECD tomorrow. My prediction; it will open at the high drift lower from there until the company make some type of additional announcement either good or bad. I have feeling they left something out of their press release. This is just a guess, so take it for what is worth. Good Luck, Rory