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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF
COMS 0.00130-67.5%Nov 7 11:47 AM EST

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To: MulhollandDrive who wrote (9599)11/20/1997 3:18:00 PM
From: Jeffery E. Forrest  Read Replies (1) of 22053
 
Sure there was shortcovering ----with dirt. Their "shorts" are most likely soiled after a run like that.

I'm sure there WAS some shortcovering, but once it got up at the 55-59 range it'd be a better strategy to wait and cover the short later (if yer guts could handle the stress.).
It HAS to give up a little. Probably back to 50-55. I'd have to look at a chart for a better read.

I got in and out for 7 and 5pt's. (I Doubled up just before "Joey the K" reported on CNBC. The instant I heard him do his "teaser" about "a certain high-tech stock in the chip sector" I doubled. Pure momentum play.)

Look at an intraday chart. You can see a big spike in vol. right where Joe did his report just before noon.

I hope to buy back in once it settles down.
Once again, thanks for the heads up and "ANOTHER" good tip.
(What was that guys name over on the ASSend thread that was ridin' your ass because of your "inferior" skills? Time to go rub it in his nose.<G>)

============================================================
When it rains it pours. Scooped a ~40% gain off my gold mine. (BCMD)
They got a JV partner today.
I had a "LIMIT SELL ORDER" <GGGG> in for 2 bucks.

Bought the last batch at 1 3/8.
I've been trading about 10-20,000 shs. of BCMD approx. once or twice a day every day for several weeks.
Been scooping off 8ths and 16ths on the trades and hanging on to 500-2000shs. on every trade.
After almost 30 trading days, I had accumulated a boatload of shares at about a buck average cost per share.

Anybody wanna go for lunch (liquid)? I'm buyin'. YippeeTieOneOn!!!
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