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Strategies & Market Trends : Trader J's Inner Circle
NVDA 184.20-1.5%9:38 AM EST

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To: LTK007 who wrote (24451)12/18/1999 3:22:00 PM
From: 2MAR$  Read Replies (3) of 56532
 
I used to think that Thompsons was the sweetest thing since maple syrup when I first got a link to it last year, because it seemed a good way
to Pump...oops i mean support( don't do that too much no-mo) the loser you were riding on for the
day, by pointing to all that big "institutional buying".
God knows it is a feeble representation of the affairs at the worst, and a geat contrarian indicator at best, like Barron's! LOL!

There is an IPO coming out of QP on monday --->TMNG which is an extremely successful telecom consulting firm(boring for now, like WFII) expanding into EURO with
60mil in revs and a whopping 28% margin..... anyways the first week of trading this thing showed nearly 85% Inst. buying ....It has just sat there for 3 weeks going absolutely nowhere( a good sign?) until it tanked on black tuesday last week to $26 1/2(where I was a big buyer)

I had never seen that much so called Institutional Buying interest for any stock , LOL! Whatever that means....

yes I am long on TMNG, too, shorts are welcome.

:-)

2MAR$

:-)

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