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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sandra who wrote (7274)	7/28/1998 10:29:00 PM
From: James Wright	Read Replies (3) of 29382

OK Sandra, you asked. I have been looking for stocks with great current or likely great future fundamentals that have been pushed down to their support levels on light volume. I believe these companies will quickly spring back once the general market returns to sanity. Thus, I bought SIRN, NMGC, LEAP and CPQ today at or near their intra-day lows. If any of them break below their support levels, I'll quickly get out with standing stop loss orders. With SIRN, NMGC and LEAP, I've traded in and out several times with good profits. CPQ is bouncing off a good support level in the 29s, and it's my one concession to the large cap mania. Now is a good time to enter each of these companies while the market's overall decline presents rare opportunities. -- Jim

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