-=> Michael Tedeschi wrote to Graham Comitti <=- 
-=> On 11-10-94 about Austoft AGM <=-

MT> GC> DDV has definitely had a bad run falling about 50%.  But
MT> GC> looks like its
MT> GC> found some a bottom at around .25c.
MT>I hope so - I don't really see why you see it as having 
MT>found a "bottom", though. If they keep biting into capital 

I just thought that it might have held up, but it sure is retesting that 
.25 c area now, 

MT>for exploration with little luck, the bottom is zero. The 

Your right about `the' bottom being zero.  

MT>question is do I cut the losses and sell (and get half my 
MT>dough back) or wait in hope - the perennial question!

To buy and hold or trade???  Depends on the stock I suppose.

I hate waiting in hope, and generally like to be in charge, I generally 
set a sell stop and bail out once its broken, and put my money somewhere 
else for  a while, and pick the stock up again later if I wanted to. 

MT>Ps Bought some EMAIL at rock bottom last week - a good buy!
MT>All the best

Will be if the market picks up, and it has a lot of support around the 
$4 mark, (going back to 0ct '87/88) but if the all ords breaks below the 
1950 mark then it will probably run down to around the 1700 support 
area, and Email's likely to follow and run down to $3.50 but if it 
breaks below that could run down to its $2.50/$2.70 support area.

I'm generally staying out of buying stocks at the moment until the 
market gets some clear direction.  ABC EEC & OEC look interesting though 
so I may take a punt on them and see if at least one of them runs up and 
keeps running.

Good trading/investing.

Regards, Graham from Sunbury

VOTE `why fix what ain't broke'

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