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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked
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To: Nandu who wrote (1095)11/21/1998 2:08:00 AM
From: Jeffrey Lee  Read Replies (1) of 90042
 
Me too, saw Thomas Sterner's post a couple days ago.

Didn't jump immediately, then put in a market order
last night that filled at 9 1/32.

Don't have the equip. to gauge specific block activity
and I was gone all day on other business. So didn't
really watch today's market activity nor do any other
trading.

Returned to see it had closed at 9 5/8 also in a very
tight range similar to the past few sessions. Like the
tightness of this trading of late in combination with
the volume and apparent growth in momentum. Most recent
significant insider activity (buying) during March - May
at 6 1/2 - 7+ range seems to provide support for a
perception of limited downside risk. I'm only a day
trader and short-term position player so I'm not looking
for much of a gap to be satisfied.

I know the co. has had a couple difficult years ('96-97)
but recent fundamental performance seems much improved
and I've also noted the recent new releases of product
and the "timeliness" of games and gaming due to the coming
holiday (Christmas) period.

Looking for that quick gap next week to make a point or
two. Don't necessarily expect a sustained movement and
anticipate increased insider selling activity and profit
taking in the 11-13 range.

Hope their games are well received and may re-enter again
later (when or if market corrects) before earnings run-up
to week of Jan. 12th reporting.

Good luck to you. See ya next week.

Jeff
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