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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: xcr600 who wrote (4318)10/20/1998 1:31:00 AM
From: Dr. Seuss  Read Replies (3) of 18998
 
Covered LBOR a while back to jump on something else....don't remember what it was. Seems LBOR/LHSG are too high, but the sheeple are buying anything now. I will wait to short both.

I'm under on PVN. We have a few more days before this one starts falling. I thought we hit top at 64 and am sitting on a lot of it around that price (I screwed up on my stop, have had pretty bad luck with ETrade lately). Sat through the same thing on LHSG, ended up making quite a bit.

A couple of other observations. Money Flow out of BTIM big time, but the damn thing ran up 2+ points today. Something very fishy going on there. But every runup has been met with a fast down trend....If you aren't in BTIM, now is a good time to establish a short position...unless it goes up more, in which case that will be a better time. We'll see 6 and below.

DTLN....another one with large money flow out. The farther back you look the more total money flow out. This one is ripe for plucking right now....ENVY too. Another day or two and I think you'll see both at lower prices.

PRBZ looks good after this unexplained runup.

Dr. Seuss
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