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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV -- Ignore unavailable to you. Want to Upgrade?


To: VIXandMore who wrote (956)3/31/1999 4:34:00 PM
From: Ron Harvey  Read Replies (1) | Respond to of 13157
 
Well, Bill, I confess that I'm not exactly wringing my hands with sick disappointment. At least I said "9 1/2 or better." Truth to tell, though, my idea of better was maybe 10 1/8. I knew that when the stock broke resistance and moved into everybody's-happy territory, momentum players would be attracted. I did get a big kick out of the last fifteen minutes when day-trader pressure to close positions (my guess, of course) contended with traders envisioning an opening gap tomorrow with possible manic updrafts in the offing. If the stock really goes nuts over the next day or two (and I haven't a clue whether it will or not), I wish I knew how to play it for an interim trade. It's nearly impossible to trade mania activity. Afflicted stocks can rise far beyond reason, bounce wildly, and collapse in two days. Anyway, it's kind of strange to have a successful year (on paper anyway) on a single day's move in one stock, which may be another way of saying that, as a hobbyist, I own too much of this.