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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: DavidCG who wrote (834)11/19/1998 7:33:00 AM
From: kgreen   of 90042
 
I plan to play NSCP on Thursday. Here's my intention:

I expect NSCP to gap up at open. Let it run. Slide in and pick up some tasty Dec puts at a bargain price. Then wait. I expect NSCP to fall substantially (look at its chart.. 2 day run ups then a plunge). Trade in my puts for a decent profit and maybe even pick up some NSCP Dec calls.

The Disney-SEEK deal closed. I expect SEEK to fall. I already bought some SEEK puts. Just waiting. Once it does, I will probably increase my long position in SEEK. I believe the Disney-SEEK relationship deserves some respect.. and that SEEK will break out above 40 in the next couple of months.

I also like BFLY as a momentum/trader play. It picked up steam nicely yesterday.. and is a trader play today. I watched it but didn't buy it yesterday. I'll buy it this morning on a shake out of the morning gap up and try to get a point or so out of it.

I also picked up a little CMPD yesterday just in case the market reacted to the osteoporosis news. I've been burned when CMPD didn't pop on news in the past. If nothing happens by midday, I'll dump it. My target price to sell is $1.

Hats off to the FORE, PAIR and MALL picks this week. Nice runners.. great profits.

Kath
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