Your understanding about NSCP is right. Funds will have no remorse
killing the stock in February, unless the company shows more than at
least 12 cents/sh. This is why I refused to get beaten and started
selling NSCP on Monday. Mon. I sold 25% of my initial position at 147.
On Tuesday I sold another 25% at 167, and will get rid of the rest
shortly. This is the kind of market we are forced into, and I will
not be a victim of day traders!!!!!!!!!!!!!!!!!!!!!!
I am holding tough onto my flash memory stocks; unfortunately we are
down again.
I think Kent bought gold and related stocks when this metal was at
392/oz, so he is just breaking even I think, and with a rate cut comming
I see no reason to be in gold.
I will now make a recommendation on a stock. Check out Diana Corp.,
DNA, NYSE. They are a holding company of a networker with Internet
related business. I had a broker of a MAJOR privately held fund call
me at home and tell me that the institution is going in heavy. This
was on Monday. Yesterday I got in at 15 1/2. The stock is now 17.
The target price is 40 by mid 1996.
This guy said the fund was up last year 40%, and so far this year over
100%, but it is private, and would not let me in. I don't even want
in, but it sure helps to know where the institutions are going.
Two other companies the fund is chasing are NCDI and Wegener Cp., on
NASDAQ and Small Cap respectively. |
