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Non-Tech : RAINFOREST CAFE

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To: jimleon who wrote (1030)10/19/1996 2:02:00 PM
From: Candle stick   of 4704
 
Jim, exact timing to the day is almost impossible. I sold at 34, 35 and 36. One quarter of my expected position at each level. Friday's close gave me the sign I was looking for to sell the last part of my short position--I will do it on Monday. Then I will sit back and wait for 28-29. Depending on how fast it gets there and how it behaves at the time I will cover either 1/4 or half my position to improve my average. Either way, at this point I feel comfortable that the odds are well in my favor. I am already in the money, and the market has displayed a propensity for weakness-- don,t try to catch a falling knife.
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