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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Paul Moerman who wrote (20)	2/2/2002 2:12:01 PM
From: Joe Stocks	Read Replies (1) of 787

Paul, Thanks. HAL I bought the day before earnings thinking that I liked the fundies, the news that was in that stock was about as bad as it could get and that earnings would remove a little of the cloud cover. I sold when it hit 14.50 and am now looking into getting back in. I am also in CPN. I'll check out FMO and FWC. I think ENE (ENRNQ) did us traders a great favor. Many are going to now more than over-react to bad news especially the bankruptcies. KM was classic. I bought KM the morning it filed Bankruptcy at 68cents. Everyone now thinks that any bankruptcy is worth less than a dollar. Some of these non-techs have good assets and just need reorganization. I'm not saying KM will survive but it gave me a nice more than double. Still holding with a trailing stop just below at $1.18. Usually I don't like trading stocks below $10 but this was a special situation. My position is relatively small. Joe

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