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Strategies & Market Trends : CANSLIM - COAST TO COAST

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To: Bruce A. Brotnov who wrote (4465)3/25/1999 6:03:00 PM
From: James Wright  Read Replies (2) of 6445
 
I sold my remaining JAKK today at 18. It looked weak given today's strong market. Also, the SPO reportedly is slated to offer the new shares at 18 3/4, so I doubt JAKK will go any higher anytime soon.

I predicted a week or so ago, when JAKK was around 17, that it would hit 22 soon. It almost made it, but then the announcement for the SPO came out. However, I can't complain -- I bought at 9 5/8!

Still holding SFP. The fundamentals are just too good to sell at these levels and it showed continued strength on the rebound today. If I didn't already own so much SFP, I'd buy more.

By the way, look at today's action on THNK if you want to see what a classic short squeeze looks like. My buy order at 14 1/2 missed by just 1/8th and it got away from me on the jump to over 18 in the closing hour! I hate when that happens!

-- Jim
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