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Strategies & Market Trends : Trader J's Inner Circle
NVDA 180.19+1.3%3:59 PM EST

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To: Trader J who wrote (18131)7/28/1999 7:18:00 AM
From: Wes Stevens  Read Replies (1) of 56535
 
No I sold CONV days back. I am in LQID, EFNT and PDYN. I have IMCL in my ira. I also just took about 1/3 of my ira and put it into a mutual fund that is a bear fund i.e. it mainly shorts.

I think LQID bottomed yesterday. I am not as sure about EFNT and PDYN. Much will depend on the market as always.

I like CONV and think they are in the right business. The only negative is that they have broke below their IPO price. It seems that all the IPO's that have done this have not been quick to recover. I think it is a mental thing in that all the people that have IPO shares lose a bit of faith and are more willing to sell. I will keep and eye on it.
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