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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Davy Crockett who wrote (565)2/14/2001 6:36:44 PM
From: Shack  Read Replies (1) of 5144
 
Hi Peter. thanks for the kind words. I'm pissed about NVLS 'cause I had a double yesterday if I had sold but I got greedy thinking the whole sector would tank on the AMAT earnings. It should have but hey thats life.

PMCS looks like a great bounce candidate. "Maximum Pain" for this week's option expiration is $70 so it is likely to get drawn up that way if the market is strong. However, there are so many calls underwater from before it tanked that the brokerages may not bother.

Are you in CLQ? You never mentioned but I assume you are. Way too thinly traded for my liking. Screws up the indicators. As you say, it looks like it could go either way but its a good low risk play at these levels with a stop at $1.40 or so.
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