Working All Day, But Trading Behind the Bosses Back Thread Message Board

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Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread

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To: puborectalis who wrote (340)	2/1/1999 12:10:00 AM
From: Mark[ox5]	of 779

News event stocks (continued) PRFM - mentioned this one Friday, however for those who are at work and can't watch it closely I would NOT recommend you jump in. Currently it's around $11, this could be a $9 or $29 stock by Tuesday. Depends on how much the hype and PR machine gets rolling on it. It's also on some shorters list, and in fact may become a good short by 2nd half of week. Higher risk here DCTI - Once again high risk; rumors of press release this week about their Netclearing division. (see synopsis at bottom of post). Looking at the chart and volume it moved almost 20% Friday, however still below 20 and 50 day moving averages. It must break these with volume to be considered a buy. If considering it place a buy stop at $6 3/4. Roughtly 7M float, and if its a web based press release this could hit $10 quickly if daytraders take to it. Like I said risky, might take a stab if it goes to $6 3/4-$7 on volume. AMZN - Don't like the chart, however... just saw it will be on 60 Minutes 2 (Wednesday night), and I remember when SUNW was on 60 minutes and the stock has been on a tear for 3 weeks. So might consider CALLs on this one. AMZN must clear $124 with strength to buy... downside is in lower $100 levels... if it drops to $105 or so tommorow in a bad market Im a buyer of CALLs for a few day play. If it rises past $125 in a good market I am also a buyer of CALLs. I know it might not make sense, but ... :) it works. (usually) ********* (SEE BELOW FOR INFO ON DCTI'S PRODUCT) DCTI's netClearing division. Digital Courier becomes one of the first companies to provide online businesses with a suite of Internet-based payment processing products with built-in direct connections to the Visa, MasterCard, American Express, and Discover payments networks. netClearing currently provides the payment processing transaction engine for Digital Courier's sites and is expanding. Over the next few weeks they will be rolling out this product. Similar to ECHO but more robust and with a stronger business model.

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