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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: zx who wrote (4320)7/21/2001 11:22:33 PM
From: Michail Shadkin   of 6873
 
ZX - Re: CORV

I am not incredibly bullish on CORV by any means.
But, I do feel there is some value here (decent cash and small burn rate), but a terrible sector.
They only have 3 clients I believe (2 of which are not suffering as much as everyone else)
This kind of cushions them a bit against the economy.

I am doing something a bit different with CORV:
I add 1/4 position every 1/2 point down and sell 1/4 position every 1/2 point up
trying something a tad different here and see how it works out, so far so good.

Originally bought 3/4 position at 3.52
sold 1/4 at 4.00 and 4.50 each
then bought 1/4 at 4.00 and 3.50 each
So far small profits.

I think CORV is a solid hedge play against my shorts.
I am not sure I would even be long this stock if not for hedging.

I can see a bounce to $5.00 on any kind of good news (which has been very hard to find lately)

Michail
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