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Strategies & Market Trends : Lizard King's Trading Swamp

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To: John R. Sashko who wrote (6529)5/1/1998 6:20:00 PM
From: LzzrdKing   of 7396
 
<<Mark,

Watch ARTS tomorrow. Blowout earnings announced today. 30 cents vs estimates of 17 cents. Chairman of Media Arts Group, Ken Raussch(SP?) on Squawk Box tomorrow. Super Growth and this is the slow season. Chart looks great. Still undervalued but not for long.

Good Trading>>

It is generally not a good idea to go long the day that a guest is on CNBC. All the traders have loaded up the day before and look to sell to JSP <<joe six pack>> on the interview. I of course would never do that. Interviews are also perfect sell the news situations. Pro traders short those gaps.
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