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Strategies & Market Trends : The Dead Cat Bounce Theory

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To: Iquit 10-13-87 who wrote (1650)6/23/1997 8:45:00 PM
From: PJ   of 1836
 
I bought TLSP at 7 1/4 and sold at 7 1/2 then shorted it at 7 5/8, I covered the short at 7 1/2 then it kept going down again to 7 1/4. This is where I stand right now I am long on TLSP at 7 1/4 at this price, it is trading at only around 12 times its earnings the industry average is 22 times...The other stock that I looked into as a possible DCB was verilink(VRLK) about three months ago it dropped to 6 1/8 it did not bounce at first but is now trading as high as 11 ...I see this stock eventually going back up to its regular price...now I may be wrong and this is simply my opinion but this stock just doesn't seem like it is getting a fair shake. good luck everyone...if anyone has anymore info i would be glad to see it.
thanks
pj
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