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Non-Tech : PETM - Petsmart

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To: Bruce L who wrote (1485)8/24/2000 6:05:46 PM
From: Ken W  Read Replies (1) of 1508
 
Bruce:

Not to sound like a wise guy, but you are playing PETM the wrong way. When you consider that it is up about 100% off the low from the mid 2's I don't think it has acted too badly.

PETM has been a favorite trading stock of mine for 2 years now. If you learn the pattern, watch the volume then it will make you alot of money. Basically, buy at the whole number 2,3,4 and sell at the 10% gain. Do it over and over and over.

Consider that roughly 600k shares traded over 4 today with some very nice 10k blocks bought toward the close. Those will go out tomorrow at 4 1/2 and 4 5/8. When it gets back to 4 again the whole thing will start over. This is a very predictable stock. Play with it.

Ken
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