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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (8885)	9/18/1998 9:22:00 PM
From: James Wright	Read Replies (1) of 29382

Sergio -- Thanks. I just got home from a day trip visiting an out of state client, and was pleasantly surprised at today's rise in THNK. It looks like I missed an exciting day in the market. Although I expected an up day for THNK, 32% was more than I had hoped for! If the high number of shorts (over half the float) start feeling squeezed, THNK could see many more dramatic up days. Sometimes you win, sometimes you lose. In this market, I'll take all the wins I can get. By the way, keep an eye on SIRN next week. Earnings are due Sept. 23, and I expect to see a pre-earnings jump. Now if AMFM would just drop back to the mid-20s so I can cover my short or maybe even make some money. . . . Ouch! Finally, I think EGRP is finally beginning the drop I've been expecting. I still think it is a good short based on technical factors and expected losses over the next two years, and I wouldn't be surprised if it dropped under 15 sometime soon. Do you have any good suggestions for next week? -- Jim

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