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Strategies & Market Trends : The picks

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To: Trader X who wrote (3537)	1/31/1997 2:31:00 PM
From: Steven Messina,L.M.T.	of 6124

Re: KNIC Oh well.....I hope those holding a -$7 position in KNIC saw the nice little move at 12 noon today. Unfortunately Silicon Investor was down for a couple of hours and I was unable to post an alert to this thread. As of 2:20 pm, KNIC is up 7.14% for the day on a volume of only 58,000 shs. Today's range was $7 - 7 5/8ths. I had a limit order to sell some shares at 7 1/4 and it was filled at noon, then KNIC continued to climb up to the 7 5/8 range. I'm waiting for a dip back to $7 to re-enter this one. Andrew, if I were you, I'd bail around $8 and buy back on the most certain retreat back to $7-7.50. Just my opinion. It's not like I've been watching KNIC's EVERY MOVE for the last two months!! Regards, Steve

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