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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts
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To: barbara sperino who wrote (3178)5/20/1998 2:36:00 PM
From: Russell Gish   of 25711
 
Barb,
You gotta figure the MM's have a little more info if not a whole lot more than we can garner. The way I see it the picks that do have potential are always the ones that get hammered after a spike. Kinda like they know something we don't. What better way to make money than to churn. The MM's will buy you back if you let them because they know good and well there is gonna be interest down the road. Even short term traders need to exhibit some patience.

Question for Joe concerning AMGV..... what was it that piqued your interest? No news in the pipeline from what I gather. Was this a gamble on Monday's volume increase?

Obviously from my DD it's not a trading vehicle, but I am concerned that perhaps your followers may have misinterpreted your suggestion. I like the stock, but I think there needs to be some news in the pipeline before the trigger is pulled.

I don't like to see dead money, so I'm just gonna keep an eye on this one and jump in....... looks like some support here at 7/16, but I'm sure there are some more Nervous Nellies who will dump under 3/8. Does 3/8 look like a better support?

Sorry for being long-winded..... can't do nothing else while doing laundry. Yes, I do my own laundry.

Good Luck,
Russ
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