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To: Doug R who wrote (257)9/24/1999 10:31:00 AM
From: ivan solotaroff  Respond to of 1065
 
PETM

Doug,

"Last signal...........well, it did not work so well"

This guy's reminding me a little of ACTM, which I played intraday once on its way down. Did its 16% intraday (like PETM did the day we played it), then mindforked for a few weeks before throwing up the left side of a MIMBO.
"PETM just hit volume requirement for another signal if the close requirement holds."
I'm almost (not quite) hoping it hits another new low today, as volume is almost a mil not quite an hour in. Then it would be the old "third-time lucky" rule?
In it to wi- well, at least break even.
Ivan



To: Doug R who wrote (257)9/24/1999 12:07:00 PM
From: ivan solotaroff  Respond to of 1065
 
PETM

Doug,

Just got off the phone with the one guy at my brokerage who's a) knowledgeable and b) mega-helpful. We went over the buys/sells starting at the ramp-down beginning at 10am; almost every big block was at the offer but support kept falling through. I'm sitting tight on this one, pai-ai-ai-ai-ainful as it is; this is feeling like a classic shake-out of the average 65-year-old 100-share-holding poodle/Siamese cat-owner
"But every time I buy Henri a new diamond collar there's a line in the PetsMart? Oh!! I have to call that nice man at Merrill and tell him that I ha-a-a-ve to sell. And I don't care how-w-w-w-w much he badgers me to make money the "old-fashioned way," I'm selling. Why, if it goes any lower, there'll be no funds for Fifi's new suede mouse!! And if I should perish, what, with my grandchildren never so much as calling me on my birthday, who knows but that the animals will ... eat me?"

Ivan