Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Pullin-GS who wrote (525)	8/19/1997 1:33:00 PM
From: sepku	of 7396

>>>You may want to consider a short-term hold if ASND holds up well through the day. A run to 50+ would be nice. What do you think?<<< I think you are a wise man, indeed, Paul! Before the merger I had been trading CSCC since March...then post-merger I started trading ASND. But I've also been sitting on a large long-position from CSCC at 28, which comes out to about 40 avg ASND after the conversion. So either way, I will profit from from ASND's long-term potential. I was thinking of liquiding a few thousand shares on the next run to the mid 50s, but figure that most of the sheep out there will be thinking the same thing (remembering that 55 is tough resistance), so I'll probably end up waiting for the bull horns to penetrate the ceiling -- when that happens momentum up will accelerate on the fears of the bears and exhiliration of the bulls. I'll sell 75% of the long position at 60. But I will continue raiding this stock for all its worth...ASND is a trader's gift, don't you think? Style Pts.

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