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Strategies & Market Trends : Rande Is . . . HOME

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To: Joe Copia who wrote (8416)	6/18/1999 1:18:00 PM
From: Rande Is	Read Replies (2) of 57584

Thanks, Joe. . .I bought a few shares of JACO as PURELY speculative. . . NOT based on hopes of buyout. . . but rather on the tiny float and on those that will be buying on hopes of buyout. This would be more of a scalp play with limit sells set along the way at various target levels. . . because I think it will move very quickly when it gets going. . . .remember the downside risks on this one are substantial from here, as it is up nearly 30 percent. . .and if it were not for the tiny float getting sucked up, I'd be out of here. . . also. . .I only bought a very small amount. . . . so if the shorts attack this [which is likely] . . .I won't get burned too badly. . .but I will always play a tiny float on the long side, despite a high number of shorts. . . because the squeeze will push upward a large percentage of the time. Rande Is PS> Incidently. . .everyone is stirring. . .so it is off to the beach very soon. . . . and here is something that Tennessee knows nothing of yet. . .that is a staple in California. . . the breakfast burrito. . . .Green Burrito is a wonderful place to load up on grub for a large group.

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