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Strategies & Market Trends : The picks

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To: Dorothy Simpson who wrote (3658)	2/3/1997 7:21:00 PM
From: Andrew Vance	of 6124

AV--TRLK Recap for the day. Everyone thought about TRLK over the weekend and some advice was given. Stock closed at $ 2.00 on Friday. Stock opened at $ 2.50 this morning (I do not know if it was bid or ask) Stock had a low of $2.25 or $2.375 (depending on which quote service I look at) High for day was a $3.25 purchase (Ask). Stock closed at $ 2.75 up $0.75 for day but only up $0.25 from Open today. No one got in at $ 2.00 this morning for the $0.75 ride. Stock closed at $2.75, probably on a buy since Bid/Ask is $2.375/$2.875. So for today, I only see more losers than winners. No one could have sold their stock which they purchased today for a profit at the end of the day. Therefore, a $ 0.75 gain today was $0 in anyone's pocket. Even if we assume the $2.375 low was a buy (which it almost certainly was not), the best scenario was a $2.50/$2.75 sell (I think that is the highest bid of day), giving a 1/8 or 1/4 point gain out of a published 3/4 point gain for day. Less commissions, it was hardly worth the effort. Tomorrow may be the day where money is either made or lost on this stock. Those fortunate enough to get in on Thursday or Friday benefitted dramatically today. Chimichanga had a good pick but we were too late for the train today. Even he decided to take the money and run today. Hope this makes you feel a little better.

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