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Non-Tech : LL Knickerbocker(KNIC)/Pure Energy Corp

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To: Juan Dominguez who wrote (74)1/11/1997 1:13:00 PM
From: Steven Messina,L.M.T.   of 1028
 
Juan,

Thanks again for the information regarding the SEC regulations for earnings reports.

Did you manage to scoop up some shares Friday morning at 5 1/2 ?
I day traded....got in at 5 5/8ths.....got out at $6. For "some reason".....the powers that be wouldnt let the stock go below 5 3/4 again. I'm hoping to get in again on Monday at 5 1/2.....any thoughts? Do you feel it will open lower and climb back to $6 again?
My crystal ball says it will open at 5 3/4...and trade heavily up past the $6 range....probably up to 6 1/8 - 6 1/4, then hold support at the 5 3/4 range again. So in essence, I'll miss out on my bid at 5 1/2...........hmmmmm......I may raise my bid to 5 5/8 or even 5 3/4.
You see, I'm trying to average down from 6 1/8....and if I get in at 5 1/2, my average will be 5 3/4 approx. Then I can feel comfortable daytrading from 5 3/4 - 6 1/8 range making a decent profit.

Do you day trade KNIC at all? It seems a relatively stable stock at these underinflated prices, with a trading range of .30-.40/day on current average. Let me know your views.

Regards,

Steve
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