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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Susan Saline who wrote (20913)10/5/1999 6:50:00 AM
From: Ron McKinnon  Read Replies (1) of 53068
 
Z trades

LTCR
yesterday I posted that I wanted to buy some of this one
ok, here's the issue
I want 5000 for the Z
but, the volume on it is so low that any large buy would not fill
so I propose this
lets assume that I did 2000 yesterday at 11, the price that I paid
and anpther 3000 today at 11 if it trades there
that way the Z portfolio will reflect the real world
ok?

LTCR was a small "garbage" ipo; the company is in the casino business
the quiet period on this ends next monday
I'm taking a bet that this may get some attention if any news or buy recs come out
if it does with a float of only 750,000 shares it may well get a decent pop
if not, I don't see a lot of short term downside for a one week hold

PETM
this is bottom fishing at its best
the existing position in the Z is way under water
I think I'd like to add another 10,000 at 3.375 (either under my name or Ricks)
ok?

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