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Avid Technology, Inc. Message Board

  • sugarr_daddy sugarr_daddy Jan 13, 2003 4:03 PM Flag


    we break below the exponential 50 day moving average and program selling begins.........then margin calls.......say goodbye to your money and remember:

    It's Darwin's theory, not mine.

    Let's see, the last two times Avid broke above $20, it was in single digits with 4 weeks...FACT.

    It's deja vu all over again.

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    • Sugarr,
      I must admit i am a litle concerned about my $19.99 stop...but I am still hangin in there so far today. intra-day low thus far was 20.35, ouch.

      We will see what happens.

    • Yes and one time was AFTER the worst earnings annoucement in Avids history and the other was AFTER 9/11.

      See a trend here sugarr? it takes bad news to drive a stock down that badly...and all the news is good. Deals, earnings, etc.

      Do you realize that JPM has essentially said that Avid is worth 21+ by "downgrading to "hold" ? That is about $15 more than you claim it is worth...who should we believe you or JPM?

      what news drove this minor dip? 2 downgrades from buy to hold. If you think that is enough to put Avid into single digits then I have given you more credit than your worth.

      Case of beer to you if my stop kicks in at $19.99. But it wont.

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