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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (18120)	10/8/1999 1:34:00 PM
From: gizmo&jack	Read Replies (1) \| Respond to of 108040

Thx west. Re VIXL: to be honest, I do not do technical chart analysis. I don't believe in it. And I don't always guess the bottoms perfectly. But this is following a very typical pattern. Almost exactly like my last big position in VITR. The bottom there was around 32 and I got in at 35+. So I was down at first but I knew it would rebound. And I wasn't going to let it run on me once it hit 35 range. Same here. VIXL could go lower. Then I will average down. But at 35.25 where I got it today, it is super cheap. It should not be half the value of ZOOX and ZOOX is trading at 2/3 of its high. It is an arbitrage opportunity, plain and simple. And I never wonder why this opportunity exists because I believe that these days, markets are inefficient. I have missed opportunities in the past because I wondered. Now I say "free money." The only fear I have about VIXL and CLIC is the market in general. This is much more difficult to predict. But with the weak number today, things should behave according to pattern until PPI comes out next Friday. I will go all cash once again on Thursday afternoon, but I am confident about next week before then. G&J