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Non-Tech : Doc Stone's Bierstube und Trading Room

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To: M. Frank Greiffenstein who wrote (551)4/14/1999 4:48:00 PM
From: M. Frank Greiffenstein   of 638
 
Weird Day for Internet Value Portfolio...

The day started out great. FLYR volume started to spike and price flew from 4 15/16 to 6. But complete collapse at end of day. A false rally, the stock's second one in recent history. Very strange on no news. But volume precedes price, so should be interesting.

NTPA has had a great run, but it too collapsed after starting the day very strong, reaching a high of 25. Missed a chance to write covered calls.

TAVA (in the Small Cap Turnaround) touched on 7 before collapsing after the CEO's appearance on CNBC Power Lunch. Huge volume. I did manage to write 30 Nov 5 contracts for $2.50 before the collapse.

techstocks.com

DocStone
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