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Strategies & Market Trends : Three Amigos Stock Thread

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To: in_cog_nito who wrote (23816)2/13/2001 11:26:43 PM
From: Ken W  Read Replies (2) of 29382
 
IN

Sold my RDRT shares at 10...bought back at 9 1/16..I think shorting is dangerous right now. If it had not been for the 100 share shorting by the mm in the last hour the stock would have held at least 9.50.

PCOM: All I have is the usual suspects as far as links on the company. The CC is still on the website and of course the SEC filings. I've had some fun trading it in the last month, and as Sergio says "it is very market sensitive". The volume has dropped off (mostly from lack of double counting now). The bottom of 3, IMO has been set, but until we get some news or a strong turn in the market it is going to be just a 10% trader.

I don't think the market knows what it wants anymore. Greenie drops interest rates, they sell. Greenie says there will be no recession, they sell. The economey is flat to growing slightly, they sell. They say "invest in value". We have identified several companies with no debt, low P/E, low price to sales, high book value...they sell.

I don't get it!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Ken
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