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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area
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To: Bosco who wrote (2810)7/17/1998 10:21:00 AM
From: ed doell   of 37387
 
Hi Bosco,

If the MMs flatten their short positions (in rallies similar to this last one in volume, price gain, and duration), their behavior is usually to take whatever profit taking is taking place and buy back at lower levels. If this occurs again, and IMHO this is a question this time, any price at or lower than $2 would be excellent.

For IATV (IMHO) price appreciation out of $2 is just a matter of when not "if."

So I'm encouraging you (and others) to monitor it and buy in if the opportunity presents itself. Historically speaking, this stock is too nerve wracking for me to buy above $2. A purchase, if still possible, below $2 is a very comfortable position IMHO.

Good luck and best regards,

Ed
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