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Technology Stocks : Stock Swap
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To: Trader X who wrote (12602)3/6/1998 1:39:00 PM
From: Andrew Vance  Read Replies (1) of 17305
 
*AV*--I understand what you said and it might be very valid. However, the tidbit was given and shared prior to market close. For those that were lucky enough to see it and react, we took $1 overnight. That is exactly what I did. I got in with a "trading" block just prior to the close and dumped it for $1 profit this morning. (~5%)

CYMI is still a great long term investment and we may see more action. over the short and mod term. The name of the game here was to make money and to take advanatage of timely situations that present themselves. The overnight interest in CYMI or the general rally in the techs (it doesn't make a difference), netted just under $10K for a few hours. I took advantage of the situation here and in other areas mentioned yesterday but played this gamlbe/risk. It paid off. I now have the total number of shares I want in CYMI and have made a very profitable "trade." This was nothing more than a gamble on market herd mentality which paid off.

Andrew

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