Mr. Pink's Picks: selected event-driven value investments Message Board

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

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To: Nevada who wrote (5291)	12/23/1998 4:54:00 AM
From: RockyBalboa	Read Replies (2) of 18998

IMAL fits the category of your "zoom" valuations. There are two points. Short-term: I obtained the best results on a trading basis on stocks not so crowded but that tested new territories (there were MZON, PPOD, DBCC, BFLY, GLCCF....) and weren't difficult to borrow. The Results were encouraging and I could easily afford throwing in a buck or two in misplaced longs or shorts (I had to work on a par outcome on tglo wwhich doesn't run..and on IMAL, where I only could use the swings to keep balance). Greed is something to avoid here... On the other hand, technical analysis and quick action are the means of the time. With that intraday volatility offered, and a perfect playout of swings at the beginning of session, it props the daily balance up. Money to be "capitalized" in short-and hold positions... Long-term: As in every other sector, some of the companies will be around forever, more or less prosper. Financial health will decide too, ie the ability to touch the public equity markets or to do debt notes. This is also the reason that I abstain from shorting the big guns. The "confidence" in that companies sucess is near 100% and the co's know that value of such shareholder confidence in $$$ terms. That's why I tend to buy yahoo at dips, instead of shorting the spikes. Recently brought public internet stocks seem to be "unburdened" in terms of piling up a shady financing track record, as most of them have plenty of cash and clean equity. But the story is too different for all the wannabees, which see the internet frenzy as means to do a one-time access but in exchange for the last bits of creditability. Just my 2-cents. Did u notice that the nasdaq market breadth turned negative in some parts? C.

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