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Strategies & Market Trends : Position Trading Forum

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To: Tim Luke who wrote (148)	8/11/1998 1:42:00 AM
From: Michael Bendner	Read Replies (1) of 7247

What would your strategy be if (like me) you wanted to get into MDCO tomorrow? Do you think it will immediately recover from tomorrow's dip and keep moving up, or would you suggest waiting a half hour for it to go down some more or to pull back from any early rise? Do you expect MDCO to run primarily because of the positive earnings or because of the move to NYSE on the 14th, or both? Since earnings were announced on the 22nd and 24th, I would think that any excitement generated by those releases would already have dissipated to some degree. Is a move from NASDAQ to NYSE typically preceded by a price increase to the degree you are expecting? I've never actually experienced one and probably have no idea what I'm talking about... :-) Thanks, Michael Bendner

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