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Strategies & Market Trends : Z PORTFOLIO

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To: Larry S. who wrote (10899)11/20/2003 10:19:20 AM
From: DanZ   of 11568
 
It depends on your time horizon. If you are looking to hold for a few months, I feel strongly that this is an excellent place to start buying TOY. If however you are trying to trade it short term, I wouldn't chase it here. The stock could easily pull back to 10.30 to 10.40 again for another test of the base. In fact, I would prefer to see some back and fill testing instead of a V bottom even though I am long. FWIW, I just got a very quick fill on selling 5,000 shares at 10.57 (on the offer) that I bought yesterday at 10.41, so there are definitely more buyers than sellers out there. I tried to buy more today at 10.41 but they moved it up too fast and I didn't get filled. I'm not going to call the sell a Z trade because I am holding more and these are my day trade shares. Maybe someone finally agrees with me! lol
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