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Strategies & Market Trends : Rande Is . . . HOME

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To: Trader J who wrote (4588)3/27/1999 4:36:00 PM
From: Rande Is  Read Replies (2) of 57584
 
Jeff, we needed about 1 more hour of trading on Thursday and Siebert would have popped. Ended day with half the float traded. When EGRP, DLJ and AMTD are all up over 5 percent, SIEB is still the best play.

Can you imagine owning it last April just before it split 4 to 1? What a great investment that was. . .I remember Tokyo Joe pounding the table on it, saying that Muriel had all but 150k of the outstanding shares, and that she was going to take them to the grave. Now that was a great call.

Sure enough she hasn't sold, despite having more than a billion in valuation. Now with 600k in the float and so many traders knowing this, it is a great buy every time it dips below 25, "just in case" of a run. Like I said on Thursday, it was not to be held overnight. . .hope everyone saw that. 24 1/4 would have been about a break-even. . . otherwise known as a free lottery ticket.

Rande Is
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