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Strategies & Market Trends : Three Amigos Stock Thread

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To: Redhead who wrote (8068)	8/25/1998 10:52:00 AM
From: LTK007	Read Replies (2) of 29382

Well I have unwound my play on PSIX in what was a difficult 30days-- at one point I had a 20k paper loss but after all was said and done I came out 17k ahead and learned a lot in the process---I also sold my low cost/basis position in NEWZ at a 1.5point gain but now am still holding shares at a cost/basis of 10.70--I am now carrying 6 stocks below cost/basis but all but one look real good long term--and I now have 55% cash.I intend to reenter both NEWZ and PSIX--hopefully my TA is correct and I can get these lower than today's price--the risk in being out of PSIX though is a takeover announcement---but we will see.Good Luck.Max

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