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Biotech / Medical : Trinity Biotech (TRIBY)
TRIB 0.703-2.4%2:28 PM EST

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To: AgAuUSA who wrote (3157)11/26/1996 11:26:00 PM
From: Peter Caradonna   of 14328
 
Hi there greg, This will make some barf but I have been trading 1/8 to 1/4 points on TRIBY. Someone keeps buying them from me. Got some today at 2.19 made some sales yesterday at 2.5. My feeling now is that we might bounce off $2. and have a $2 to $2.50 thrash for up to a few weeks unless news or so forth happens. There seems to be no selling climax to make a solid reversal. If I wasn't really sure that TRIBY is a good long term play, I would consider this a very risky time. Although less risky than buying above $6. The more risk I sense, the faster I sell at a small profit.

I have noticed the start of a flight FROM quality today. This is when profits from the S&P feed the Russel thousands. I'm still holding my shorts on SPY. This drives me crazy, I hate shorting anything, seems un-american. Next thing you know I'll be burning my ACLU card.

Good luck to us all,
p
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