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Technology Stocks : SEVL -- Ignore unavailable to you. Want to Upgrade?


To: ErnestPoe who wrote (253)3/6/1999 11:03:00 AM
From: hoffy  Read Replies (1) | Respond to of 703
 
The bashing and hype is really rampant all over the place. It's easy to tell who is short and who is long. The bashers say it's a scam stock because it went up before and crashed before so it'll do it again. They don't think a company can finally turn things around, but a deal with AOL can do that. The hypers think it's going to 50, a little unrealistic. Here's my take on what will happen. As a note, I own no shares short or long but will try to play the momentum both ways on Monday and tuesday.
I think SEVL gaps on Monday to around 6 or so and then after bouncing around it closes strong and gets to about 7. Then tuesday when people see it is going higher with great volume people gap it up again and it gets to 10 before the shorts take over and drive it back down. I think it'll settle in the 6-7 area then after seeing close to 5 again. The new deals with AOL and as mentioned another big company won't let this go back to the 3's again. If more news comes out then all bets are off because a squeeze could happen.
I am playing it long early in the day on Monday and then probably going short if it gets over 10 or more. This is just IMHO and how I planplan I playing it.
Good luck to us all