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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (2452)1/8/2000 5:36:00 PM
From: Patrick Slevin  Read Replies (3) | Respond to of 7434
 
Actually I bought LCOS on a whim several weeks ago and had a 25 or 35 percent gain in a day. The Whim was based on technical analysis plus the fact that they bought QCharts.

My Intelligent half told me to cover, my original intention was to buy for an investment. So I still hold it. Not a big issue. You are talking to a guy who has held GE from around 4.62 since perhaps 1982. When it comes to Stock Warren Buffett has nothing on me. At one point my family owned so much AHP we could have moved the stock if we all sold at the same time.

But I still own LCOS, although the QCharts issue did give me cause to worry. I only own it because of the QCharts acquisition. If QCharts continues to have problems then I would have to sell the stock.

It's only prudent, all this is business after all. Breaking much lower in LCOS would be a reason for me to look elsewhere to place my money.