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Strategies & Market Trends : Lizard King's Trading Swamp

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To: CHIP HUNTER who wrote (53)7/10/1997 12:46:00 AM
From: Joseph Beltran   of 7396
 
Sold my CELL at 30 7/8. I was expecting more but the stock was not strong enough to overcome the incessant negative ticks in the general market during the day. Out of EAGL also. Holding on to UCMP which I picked up at 7. Looking for pullbacks in PWAV and MCR, both nice stocks. One to watch tomorrow is ADEX. It announced record earnings a few days ago and also the placement of a 2.5 million share secondary. The stock sold off, bounced, and is selling off again. Approaching 50dma now. Watching YHOO, have not shorted yet. Lots of insider selling I am told. Watching MCSY also. It held nicely at 22 5/8 or so most of the day with some nice retail buying taking it to 23 late in the day before it settled at 22 5/8 at the close. MRVC looks poised for an upward move.

Best Regards/Good Trading
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