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To: kha vu who wrote (1473)3/20/1999 6:25:00 PM
From: Jeff Jordan  Read Replies (4) | Respond to of 2231
 
Jeff,
are you the person in WSJ on 3/17


Kha Vu,

Yeah....that was me....Kinda nice how they used me as a reference in their story.... I guess I'm typical of the average online trader. I guess a lot of people can relate to the cost of record keeping and hassle.

Thread: I suffered a little traders remorse on Thursday. I will do my stock homework tomorrow. But, it appears my support level is very strong @ $5, and I was proved wrong Friday on how strong that support was by us again testing resistance @ $6. I will stick with my belief that PQT will trade this channel for a short period before investor expectations move us higher. I admit I was a little disappointed in earnings. Well, maybe my expectations were some what higher. Friday told me....most were happy. I'm am still bullish but still cautious here. I will nibble at support levels and jump on any breaks below $5. I think any sudden move over $6 could be a bull trap unless it is on something special to improve our confidence for that next level. My 3 month target is $7-8 towards the latter. My other eye is on the major indexes as the market is still very toppy here with many blue chips at extreme overbought heights. Any market correction here...say to 9700 could see us @ mid $4 from panic sellers. But I will be buying heavy in such an event.

John, That article on CBS Marketwatch is cool to see them spread what some of this on this thread have already known for months. But, then again that story is self serving....It was the same bunch from that camp (DBCC) that shorted PQT heavy on the run to $9. FWIW, DBCC may be coming into buy range. Somewhere between $8-12 the same range we will be trading in about 3 mos.

Jeff