Floorless Preferred Stock/Debenture Message Board

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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: Spark who wrote (851)	8/19/1999 9:21:00 PM
From: Zeev Hed	Read Replies (3) of 1438

Spark, most of the last harvest has reached its target and now it is less shooting in the barrel that it was before. MVIS played out to almost perfection, actually it even went a little lower than the target of $16. UOLP, BDE (Dale is responsible for this beauty) and PPRT are still going down. Actually, PPRT had a small rally, so it can be repositioned probably. Asd of right now, from those I follow, if you are gutsy and use close stops, VLNC seems to be a good candidate, it broke severely through a major support at $5.25 (and actually $6.5 should have been the trigger), all the way to $4 then today bounced back to $5.125, this one could be shorted on a spike to $5.625 or so (I doubt it will go that high), with a stop loss of $6.125. Target on this is about $3 to $3.25, maybe even new lows. Zeev

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