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Strategies & Market Trends : Three Amigos Stock Thread
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To: Magnatizer who wrote (21133)10/7/2000 6:58:05 PM
From: Magnatizer  Read Replies (1) of 29382
 
PKI update

butterfly/mag top has performed as expected with PKI selling off heavily after last weeks bearish engulf pattern followed the short call entry day (post 2 days).

Initial target is low 80's on the stock which should push the calls to the 5-7 area. Will consider a cover at that point. I will be covering 1/2 my real short position there and bringing the stop down real tight on the remaining hold.

I believe the easy money has been made and the next 10 or so points should be tough. Not a good short entry at the current levels.

ht
Mag
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