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Strategies & Market Trends : SPARKY'S CORNER

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To: Jimbo Cobb who wrote (3664)10/15/1998 10:58:00 PM
From: Sparky Beardslee  Read Replies (2) of 4142
 
Mark: I am still in NRVH in a very big way. I have talked with CFO a few times and will remain fully vested in this issue. They did something recently that is a bit out of character for them; they posted positive news before they had to. they announced to the world that Q3 was going to be a zinger with rev's exceeding 65% and margins rising. They did this to help support the stock when the markets were looking for new lows. In the meantime, the vol dries up and the stock drifts with the mm's doing all the trading. Kind of reminds me of BARR. All the vol. is either me buying or them trading with one another. The other day I noticed what appeared to be a margin call and some stops taken out to $13. Since then I have noticed mm's raising the bid to grab shares in between the spread only to lower the ask back down to attract buyers. They did this to accumulate about 150K shares. Not sure what to expect now. Sellers seem to be out of here. Next move should be up with earnings news leaking out. I have been daytrading AMZN and AAPL. Got in AAPL yesterday at $38+ and put in a market order to sell when the stock was halted. Got out at $40.50. I bought it back today at $36.50. I think this one looks good long term from here. The chart says a big 3yr cup is forming nicely and a close above $40 should take us to $45 and then the sky is the limit. In the meantime, the news is clear, AAPL is for real. When the players exit this one in the next few days/weeks the stock should move up.
I mentioned CHIR a few weeks ago citing a new cancer drug being tested. I bought then at $15.75. It is now at $20. The best news is coming. that news will be that they have a CURE for cancer. Watch this one closely fellows. I gave it to you at 15 3/4.

Sparky
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