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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: theshaker who wrote (17386)	11/12/1999 9:05:00 PM
From: Ken W	Respond to of 29382

Doug, I first bought PETM on Mon. at 3 15/16, added at 3 3/4 yesterday. The selling pressure died down over the last two days and I noticed that the MM moved the bid up over the last trade bid for a little while today. To me that means that the MM has scared all that he can and now is looking for more shares by bidding the stock up. Earnings are out due out soon and are expected to meet estimates. The downside here is small with the upside near 7 if the stock goes back to its 200 day moving average. I can't say when to buy the stock Doug. I would never take that responsibility. I will, however, give TA and FA opinions for all to see. If I'm right then you will like me, if wrong..... Ken