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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who wrote (7755)4/17/1999 8:47:00 AM
From: tdl4138  Read Replies (2) of 18998
 
Mr.Pink,

Totally agree with your last post. This weeks sector rotation appears to be the writing on the wall. Unfortunately I believe, a lot of traders will not see the change and actually be taking losing positions on the internuts as they trade lower...thinking their buying at discount prices that will always continue to rebound. Oh well...they've been warned..

Do have a question for you. A little banking concern <USAB> is opening up a web site Monday that is supposed to revolutionize net banking/investing... Sure it's one of the above...but for a short term trade...what do you think? They are a "real" bank with a PE of 12...but they plan on offering a comprehensive web site second to none. With a small float, this one could really fly on Monday...It currently trades just under 11 after moving up rather nicely Friday.
Just as FSFH has joined the internet world, and that is viewed as a positive for future growth, could the same be true in this case?

Your opinion is greatly appreciated.

If nothing else USAB should be a good day-trade.
Dave
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