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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Kimberly Lee who wrote (5431)5/19/1999 9:38:00 PM
From: JeanD  Read Replies (1) of 108040
 
Kimberly ... would love your insight on WCEC. I traded it several times today, always in in the .50s and out at between .68 and .72. The funny thing was, the MMs kept taking my shares when I had limit orders in just above the ask. I've never had this happen before, but as I was watching Level II I was very aware of the prices. I also got several partial fills when I tried to buy on the walkdowns.

For those that aren't aware, WCEC dropped from just about its current level to .34 a few days ago, on some block sells. The announcement today just returned it to about where it was before then. We have West Coast Videos stores all over our area, and I checked out their web site and it looks good. I bought back at .59 at the close, because this seems very undervalued to me. The web site has only been open a short time, and seems like they are taking the right steps to get their name out there.

Jean
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