Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: sepku who wrote (590)	8/20/1997 9:56:00 PM
From: LzzrdKing	of 7396

I'm long PAIR. Let me let you in on a little trading play of mine. I play rec's the opposite way. If there is a buy rec, I normally sell into it. If there is a downgrade or series of downgrades in a good issue, I am a buyer. Why? Well, when a firm downgrades a stock, they are really buyers. When they upgrade it, they are loaded to the gills and sellers. So if they want to sell, I do also. With PAIR, it closed very strong on good vol. I figured it would get IBD coverage and it is in the nasd wrap up tomorrow. Mentions the upgrade from HQ and expectation on earnings. I have been trading PAIR long since it has been decimated, and done well. This stock was brought to my attention by Bob Butkus. Thanks Bob, I owe you. Have a salmon on me in Alaska <he's there now>. I know Bob is pissed that he missed pair and orbkf today. I will short the piss out of them and bring them back down for you <g>.

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