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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (10829)	6/30/2000 5:35:08 PM
From: Madharry	Read Replies (1) \| Respond to of 78530

I am surprised you can follow so many stocks. I am already getting confused and am pretty dizzy by the end of the day just following techs and biotechs. I took profits in CRGN and sold my PAP to buy ORCT. Not happy with the decline in value of ALSC but its once again very close to the value of its portfolio net of taxes, so I would hope downside is much more limited thatn the upside. Of course I thought this way at 27 when I added more shares. UTSI has rebounded nicely but I expect more. It was above 40 when some nasty news was released about the CHinese govt suspending new roll outs of their main product. the stock opened at 27, dropped all the way down to 18 and closed around 20. Now the CHinese have completed there review and everything is fine but the stock price which has only gone up to 31 or so. I am hopeful that there is at least another 9 points in the offing.

To: Paul Senior who wrote (10829)	7/1/2000 1:06:58 AM
From: James Clarke	Read Replies (2) \| Respond to of 78530

I looked at my watchlist today at 3:45 (June 30th, last 20 minutes is probably the most inefficent market of the year due to Russell index shifts, so it behooves you to be awake and alert at that time). I knew I hit my first LANC trade at 19 1/16, but when I realized that one hit I threw in a couple other limit orders on the chance they might hit. Strange things were going on with SNH trading and it was showing 7 15/16, so I threw in a "what the hell" limit order at 7 3/8 - a crazy price, which I didn't expect to hit. Then I threw in another LANC order. When the market closed I checked the orders and they showed up as pending cancelled, and then didn't check again. Figured alright, I got one. SNH was such a ridiculous bid (10% below the market quote) that I didn't expect it to hit. Now I'm looking at my account again and I notice that the orders both hit well after the market closed. I added significantly to my already large position in SNH at 7 5/16 - so much for a limit order at 3/8 - that shows how crazy the market is at this specific time. And my second LANC order hit as well. Thank you Russell index. After watching what happened last year at this time, I would expect that LANC opens at 22 or so and SNH at its usual 8 and change on Monday morning. And if they don't, fine - I know what I own and am delighted at the prices I got. That may have been the most profitable 15 minutes of my life - unfortunately for me, time was so of the essence that I only traded one account and that was my mother's, where there was a pile of cash until about 4:15 today. So actually it might have been the most profitable 15 minutes of her life. Not counting chickens before they're hatched, but watch these two stocks Monday with these prices in mind. And mark your calendar for June 30th next year and have some cash on hand - this makes the January effect look like nothing if you know what you're looking for and have done your homework so you are prepared to pull the trigger instantly.