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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Rick Faurot who wrote (2429)	8/5/1999 8:41:00 PM
From: KM	Read Replies (1) \| Respond to of 18137

Does anyone know who EOFR is? I've never seen that one before but he was working a big sell block in a stock I was long today. I thought I would go mad. Here's a funny trading story from TSCM. This reminds me of the day my cat shorted Intel and I covered at a small profit <G>: The head trader of one New York trading desk reports setting out to buy some Gillette (G:NYSE) not long ago, believing it was due for a bounce after its latest warning-inspired downturn. After returning from some meetings later in the day, the trader thought he'd forgotten to make the trade and wrote "G-I-L" on a note. Just following orders (Papers? You have no papers?), an assistant bought Gildan Activewear (GIL:Amex) at around 18. "The next day I was out and forgot about it," the source recalled. "A week later I realized it. I still own every share. It's been the best trade of the month. That's how we make money on this desk." The stock dipped 3/4 to 21 today after going on a tear from 16 1/4 on July 6 to as high as 22 on July 28. Even funnier (are you laughing yet?), our source still has little idea what Gildan does (check out its site if you're curious) and plans to ride it until it hits 30. "It looks great on the chart," he said. "If it comes in, it wasn't supposed to be mine anyway. It's amazing." Indeed.