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Net2Phone, Inc. (NTOP) Message Board

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  • Kevin_speaks Kevin_speaks Sep 2, 1999 7:41 PM Flag

    Uhave

    I was only long and stubborn years ago. I didn't
    believe
    what I saw and I used to hope.
    But if you believe
    "the trend is your friend", then you have
    to play
    both sides. NTOP may be worth $200 ultimately,
    but
    who cares? Its short-term trend is down. When I see
    a
    confirmed uptrend again, I'll be a buyer again.
    Trend
    reversal takes time. When a stock reaches its top in
    price, because there is still enough speculative
    bullish
    interest, supplies coming into the market are well absorbed

    and prices won't go down sharply initially. But, many
    longs
    tend to misunderstand this phenomenon and
    think the price
    holds well.