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Technology Stocks : SHRP: The Sharper Image, Profitable making $ on Internet! -- Ignore unavailable to you. Want to Upgrade?


To: Midas who wrote (277)2/23/1999 5:46:00 PM
From: Sober  Read Replies (1) | Respond to of 353
 
As I said in an earlier post, the stock has almost completed the change from weak hands (those timid folks who are happy with a few dollars gain) to strong hands (those who know how to hold the stock and force big gains).

The way to see a stock go up in price is simple. DON'T SELL IT EVER, or at least until you absolutely have to. This causes a shortage of stock for those who want to buy it, and the bid will increase and increase and increase trying to attract more shares, all the while the stock continues to rise, and then those people who have sold the stock short (hoping the price will be falling) realize it is not going to fall, and they try to buy the shares back to replace them into the accounts from which they were borrowed, and guess what, there are no shares to buy unless they pay higher and higher prices, which they will be forced to do, and then all you folks holding the stocks will see some REAL action.

DON'T SELL UNDER $30, and then only if you have to.

That's my opinion. I just cancelled my limit sell at 17 3/4 and I will watch and see, you do whatever you think is best.