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To: Ronald C. Vinyard who wrote (5514)3/10/1999 6:02:00 PM
From: Mike Gordon  Respond to of 10081
 
I think I may have the opportunity to average down at $2.....



To: Ronald C. Vinyard who wrote (5514)3/10/1999 6:16:00 PM
From: Ross Reller  Respond to of 10081
 
Based upon activity leading up to today, the longs and shorts have found a support level near 4.5. That is the consensus of the strongest optimists and the most fervent pessimists. The 4.5 number assumed the worst and many of us hoped for a pop tomorrow which we won't get. All it will take to trigger a cascade downward is an oversupply of market orders to sell. The buyers won't be out much based upon the cc unless they want to average down. So don't sell your shares at the market tomorrow unless you want the stock price to erode further. Wait until the price stabilizes on Monday or Tuesday to assess your position. The market loves an internet connection and now this stock has an internet angle -- wait to see how it pans out.