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12:20 04/05/2004 (PAVP) Proactive Computer Services to CDVJ CortDev, Inc :)
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[QUOTE]Originally posted by stock_82: [QB] I really doubt this stock will go bankrupt in the near future. Why would they be initiating a stock buyback if they were really worried about finanaces. I can see this stock dropping to .002...that is where previous support was before the first big pop in February. It would be risky, but you could sell now and then buy back lower. I see the stock closing near even today though and throughout the week. No more big drops at closing. The MACD is now pointing more south so it looks like it's going to drop a bit more, but IMO, we'll see a rise back up to .005 or .006 within a couple weeks. The chart is looking like it COULD pop anytime....that doesn't mean that it will. It has already created a double buy bottom with the lower band and just needs the upswing to intersect the 20 MA to complete it. I think once we see that happen, we'll be flying. Remember guys, we are obviously short term traders...that makes most of us sick of a stock after holding it for a month or even less for some of us. I know if I was too look up this stock today and see its pps without any bad news, I would be very inclined to buy it, so I'm going to ride this one out. It may take a month or two MAX, but I say buy up at these levels....I wish I had more money so I could average down. None of this takes away the pain of an investment that is currently at a 75% loss for many of us, but we have to ignore the pain of the loss and look at the facts. Somebody could be holding the pps down, and the buyback is an excellent reason. [This message has been edited by stock_82 (edited April 14, 2004).] [/QB][/QUOTE]
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