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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: Junkyardawg who wrote (32843)4/27/1999 12:41:00 PM
From: gerard mangiardi  Respond to of 90042
 
Dawg wishing you the best but you used the word crazy in talking about bids in an earlier post. I suggest taking some money off the table whenever trading in a stock seems crazy.



To: Junkyardawg who wrote (32843)4/27/1999 12:44:00 PM
From: kathyh  Read Replies (1) | Respond to of 90042
 
good point, dawg... why not hold with a profit like that in place??? bids seems to have found good support at 19ish...

currently holding coms, sunw, and imcl...

tried to cash out of sunw this morning, but of course could not get through by phone or net to ameritrade or scottrade, have half in each...

will just hold on, because i think it will go higher... but would have been nice to be able to sell at 66 and buy back at 63 and change...

my discount broker days are numbered...

kathy :)




To: Junkyardawg who wrote (32843)4/27/1999 12:54:00 PM
From: who cares?  Read Replies (2) | Respond to of 90042
 
Dawg, big boys will never touch BIDS. It's got a billion dollar market cap with very little in the way of sales, especially when you consider that most of the sales is just the cost of the item being sold. Ebay's sales are all money to them. Not to mention that they're bleeding money like mad. It may go higher but it won't be because of any big boys, the big boys will be lining up to short it back to single digits. Remember it came from 17 to 6 the first couple of days on the NASDAQ, it can do it again. More people will get hung holding shares so maybe not as low, but when the daytrader caravan moves on it goes way lower imo.

CMB