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Technology Stocks : E-Games (EGAM) -- Ignore unavailable to you. Want to Upgrade?


To: WHL who wrote (108)3/4/1999 1:59:00 PM
From: WHL  Read Replies (1) | Respond to of 335
 
Down in an up market. Give it up. This stock's maybe going to go below $2.00 after all. We could see some serious down on a day when the market is weak.



To: WHL who wrote (108)3/4/1999 4:50:00 PM
From: WHL  Read Replies (1) | Respond to of 335
 
Well, here we are. Let us recall my words: "Some people are jumping in now that we're back above 3 1/4 (our daily low). However, if we keep the pattern of the last several days, we'll be back at the low by closing" from a couple of posts ago? And so it was. The people wishing for this stock to decline have had their way once again.

Using the trading pattern that has been established, we should sell all holdings during the first hour of trading tomorrow. Then grab a little bit during the 11-11:30 low volume period (when it spikes down to 2 3/4), then sell all of that at about 12:30 during the lunch bounce to 3. Then buy again at the close at about 2 3/4. Only six more days of this and we'll be at $.25. At that point, it is possible that the trend will alter. At $.25, the stock price would have a difficult time declining $.50 per day for an indefinite period thereafter.