LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: Susan Saline who wrote (1080)	10/9/1998 2:26:00 PM
From: Dave Shares	Read Replies (1) of 43080

JAII Speaking of bottom fishing. I have taken a position in JAII at 11 1/8. This was not the bottom, but I sort of was hoping that 10 was going to be the bottom. As a matter of fact, I'm still hoping that 10 was the bottom. I think we have a double bottom here, and I have a target of 14-15. It may take a week or two or three, but they will announce earnings on 10/29 and I expect they will be good, and if history is any judge, the stock will have some runs before earnings and sell off after. I don't expect that this has triggered any buy signals either. But with a P/E of 3, I am comfortable buying it on the fundamentals, and have traded it before. David

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