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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: kathyh who wrote (44526)5/23/1999 11:46:00 PM
From: Jeff O'Brien  Read Replies (1) of 90042
 
Kathy,

Concerning JACO - I wouldn't feel bad about not getting in. I wouldn't be at all surprised to see you get a chance to get it cheaper than you wanted it on Friday. Stocks with low floats can move very fast in either direction, especially if the mm's want to play with them. I would be especially careful of a stock at this price with a low float. This is a riskier takeover play than some of the others (IMO). Be Careful.

Jeff

p.s. this is not a knock against Tim's pick; just a word of caution (which Tim also issued).
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