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Strategies & Market Trends : The picks

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To: steve susko who wrote (4061)2/6/1997 1:28:00 PM
From: Steven Messina,L.M.T.   of 6124
 
Re: PSTA

Stevo,

Yes I'm watching my pasta......I checked to see if it was done by hurling a wad of it onto the wall ( to test the stick factor) and it's been sticking all day. If I were you, I wouldnt even be watching this stock on a daily/minute to minute basis, for it is non volatile until Shawn's news comes out.

According to my Intraday chart, PSTA has only traded once since 10:40am......yawn......ZZZZzzzZZZZzzzzzz........and at a scant 22,000 shs up till that point, the thiness and price decrease doesnt raise my brow one bit. Now, if there were some volume trades and the spread firmed up a tad, I'd care enough to actually look into the matter, but ZZZZzzzZZZZzzzzzzz......that's not happenin.

So here's what we do......uhhhhh.....absolutely nothing. Check in on your Pasta daily to make sure it's not getting burned......add some water on the dips, then sit back...fill yourself up a glass of vino, and relax. According to Shawn......dinner should be served within 4 - 6 weeks ( original estimate was 3-4, but I have not made comment ).

Regards,

Steve
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