Ames Department Stores (AMES) Message Board

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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: Dan Duchardt who wrote (1771)	11/1/2000 10:58:48 PM
From: Dan Duchardt	Read Replies (1) of 1911

Better activity today Nice to see the action picking up on AMES today. 856 trades totaling 609,800 shares. Top 10 trades only accounted for 80,000. Up almost 17%, and no easy pickings to cover the shorts. I sold 20% of my position, which I had pushed a bit larger than I really wanted to lower my average cost. Will be very happy for the rest to cross into profitable territory if this move gathers steam. I looked at selling some calls, but near term were still too cheap, and longer term is too limiting if the fall rally sets in. Selling the 20% looked like a better play raising more cash than selling calls and leaving a lot more upside potential. Dan

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