Hi Judy,
Just arrived home from a very profitable day. HUGE institutional selling today in COMS and CSCO from the open. DMG was dumping COMS all day, I would say more than 5% of tot.vol. My short interest was triggered at about 9:43 when the first block was dumped in COMS. Mixed reviews on COMS/USRX merger caused confusion. I hear that Bear Stearns thinks highly of it, maybe we'll find out tommorrrow. There are alot of disgruntled USRX shareholders out there. I will look to establish a synthetic long in COMS tommorrow. I love panic selling, don't you? It could open lower but I would expect it to finish the day higher. Didn't touch CS, still waiting for 28 area. Bay held up nicely, still holding on. CSCO reached my target of 55, but I didn't pull the trigger, still too early. Networkers are nearing the base. NWX is acting much in the same way the SOX did when it tanked. Will dump a load on NWX calls soon. I also covered my short in XIRC today,(I posted on TA thread a while back) for a nice profit. As you know, INTC purchased XIRC shares at a rough equivalent of $21, a new psych support. Same thing happened to MRVC. Thanks for your thoughts on ETEC, I got out at 38 1/2.
DDIM coming down to buying range again. Will you join me in the fun?
Take care,
Angel |
