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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: mattcar who wrote (2081)6/12/2001 11:06:28 PM
From: Michail Shadkin  Read Replies (1) of 6873
 
Mattcar - my thoughts on MRVC and STOR

I think you have a nice entry on MRVC and will able to get out in the 11s soon.
I dont think MRVC is expensive in the low 10s
LMNE spinoff alone is close to $9.00

As a personal rule, I take my initial long positions and almost never add to them afterwards up or down.
I determine the size of the position by how much I like it and the value of the stock.

Re: STOR
I have profiled them several time in the last 6 weeks and think they are way overvalued.
But, this one is very stubborn and might need significant market help to make a nice move down, at least for a while.

I also dont particularly like your entry point here, unless you are shorting this for the long haul.

I think the market has a 1-2 day small recovery and follow through on todays comeback, unless more major warning are announced.

June in general is a bullish month most of the time, so be careful.

traderpulse.com
Michail
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