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To: the Chief who wrote (7679)4/19/1999 1:04:00 PM
From: David M. Lomow  Read Replies (2) | Respond to of 62347
 
A herd mentality seems to be taking over this thread.

everyone was sooooo bullish last night about GLE. Gap open, slight pullback, and closing up in the teens.

Now, everyone certain that the sky is falling.

Me thinks the big boys have tapped into the prevailing investor psychology and are playing the general public like fish on a string (myself included).

The question now is when will the turn the beast back upwards. Probably when they have flushed enough out of our pockets and into their own.

Predicting that GLE may still close back above $11.00 before the days end

DL



To: the Chief who wrote (7679)4/19/1999 1:04:00 PM
From: keith massey  Read Replies (1) | Respond to of 62347
 
The 33K wasn't a single house but a bunch of buy orders...looks like a lot of people though the $9 support level would hold.

The safest place to buy is the start of a gap with a stop slightly lower. However in this case I think I will skip and wait for a while.

Out of NLC at 6.85...1500 shares for .35 each..I can live with another $500 in my pocket. Probably will go higher in the long term but I have to go to work.

Best Regards
KEITH


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