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Strategies & Market Trends : Lizard King's Trading Swamp

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To: LzzrdKing who wrote (3273)12/10/1997 10:54:00 PM
From: LzzrdKing  Read Replies (1) of 7396
 
Didn't do much today. Got stopped out of AMES flat at 18 7/8 and rebot at close 18 1/8. bot klic 24 3/4. Took a loss on DMMC at 15, lost a bill there. A rule is a rule, no big losses for me. Valuation is favorable but as long as mm's are running from the bid, I don't need to hold it. will reenter. bot APCO 6 11/16. Lost 1/2 on an AMAT long, small position.

Hard to say what is going on with PZZI. Perhaps Van Kasper wants sausage and Mash wants pepperoni, but there were a lot of blocks and not much movement. I was watching level 2 when the stock upticked to a new offering high and the stock looked dead, as no buyers appeared for a few minutes. I think the market is understandable holding it back. I will keep watching. Lots of stocks on my list from last night are at my buy points, now I need the market to firm for some longs or I sit and wait.
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