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Strategies & Market Trends : AMIGOS INVITATIONAL YEEHAW PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?


To: Ken W who wrote (734)7/22/1999
From: Ken W  Read Replies (1) | Respond to of 1316
 
DIMD:

The market gods do look out for dummies and rookies <GGGGG>

I posted the trade today of DIMD at 6 from looking at volume and chart breakout pattern. I tend to do that from time to time. Liking volume plays best of all.

Foiling any attempt of proper DD that Sergio has tried to teach me I got to looking at my new purchase this evening. LOL

On June 22 SIII agreed to buyout DIMD in a stock swap deal wherein each share of DIMD is worth .52 shares of SIII. S3 at the time was at 9 and change DIMD was near 6. The deal, at that time was a discount to DIMD's share price and was rejected by the market with a big sell off. Well, guess what? S3 is now at 12 and DIMD is just under 6...tracking S3 nearly to the "T". S2 announced a deal with Samsung for graphics cards today as well as going profitible .02 vs <.23>

Now, if DIMD tracks S3 until the deal is done in Oct. and S3 stock continues to rise....then.....the market gods have looked out for this dummy and rookie very well. BTW, .52 of 12 is 6.24.

Ken