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The stock price has been bouncing up off 2 1/4
for the last 10 days almost as if it has a
protector. Givven a nasdaq nervous breakdown
in the offing, tho, it could easily drop below
that recent support; you're right.
31nn nasdaq correlates to a 2.25 cici.
I would look for a climactic -200 nasdaq
day for a bottom.

For shortterm daytrading, why not pick a bargain
basement priced success story? At this point,
the gap in price between a strong stock and a
speculative minicap is shrinking, so why not go
for the more proven asset?

I am buying companies I like after they fall
to a point where the growth rate betters the PE -
like kem, amd.. I believe that there is a fair
chance they will be higher in a few months.

Also this type of market is good for put/call
straddles on solid growth stocks. I am doing
paper trades on companies like ssti-
i 'bought' 01 jan 30 call and put on 9/21
for a cost including commission of $1274.
The current value of the put alone is almost
worth that now. If the market climax-sells,
or if you're sick of making money, or if the
market starts to edge back up for a few days,
you cash the put, and ride the call for free.

I mean i just don't think fishing for a bottom
on a very small not yet successful company is
the best tactic for bearish times.




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