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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: last1out who wrote (7796)6/9/1999 11:33:00 PM
From: Jim B  Read Replies (1) of 108040
 
PKDV seems to be an exception... it's the $1.3 billion (supposed deal) that is fueling this... one has to look at what the market might possibly play it at, and if you're not sure of buying.. don't.

sometimes it's easier to buy on dips, knowing that someone else was willing to pay higher prices earlier in the day and thus when it bounces back up it won't be treading new territory but simply heading back to where it was.. and if you were buying on the dip... then you would have done well..

SYCD was .60 x .90 today and then sold off to .55 x .60; and people bought there and then .55 x .625 and people still bought and then it closed at .73 x .78 ; volume picked up so the MMs tightened the spread once they got their paperwork in order..

only 4 MMs on PKDV right now.. so the spread and swings will be wild... if more MMs show up... then it'll be a smoother ride..

do what you feel is best.. and if you're not comfortable buying.. dont.. otherwise, you're just gambling.

jim
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