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Strategies & Market Trends : Multi-Day Momos -- Ignore unavailable to you. Want to Upgrade?


To: KrisCo who wrote (224)7/11/1999 1:39:00 AM
From: Lawrence Burg  Read Replies (1) | Respond to of 397
 
My conventional view stems from a long ago run in w/TTRIF & TROXF. Profitable? Yes. Exhausting & disappointing? That too. Worth it for me right now? No way.

I had forgotten about the ".V", thanks. I must admit, the simple PV chart looks pretty good, along with their news.

You're not going to like what I focus on, but, since mid-April, they've issued 2.17M options, oddly enough at the going market price at the time. There's also the 4.38M PP shares done at a discount to the market. Why a discount?

Do you have any idea what the current sharecount is? And, at what rate it is growing?

I see they had/have some involvement w/MCLL, which I suppose is how you got involved.

In it's prime, the market couldn't turn off TTRIF either. Things looked phenomenal...but they turned to s--t and will never come back. I'd say watch your share count and. if possible trail a stop loss order about 1/4 behind the 50DMA; and don't touch it.

Good luck, but be careful. I'm stayin' south of the border. There's plenty of other pretty seashells waitin' for me down here.