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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Rambi who wrote (19611)	5/1/2001 6:13:07 PM
From: American Spirit	Respond to of 37746

Had several blocks/trades of LU over the last year or so. Just sold my last chunk half bought way up there above $30 a long time ago, and the other between 7 and 9. I took a modest loss instead of the big one I had on paper a few weeks back. So the lesson is, averaging down and buying into bad news/rumors can work in these circumstances. But who wants these circumstances? Wish I had bought that day of 5.5 though. Don't we all? About a year ago sold LU at $67 which was the top. That was a fortunate sale. It was a lot of shares too. Whew. So I'm out of LU but the trading world never ends. Maybe I'll be back in it within a few days if it dips sharply again like it did yesterday. $10.02 was the lowest price yesterday. My order was to buy for $10. I'd put that in again. Frankly any sharp dips from here on into fed cut day will be buying ops. I'm actually looking forward to one or two profit-taking days and re-load back up to fully-invested again. Looking for red on my screens, not green. My hope is nothing of value (that is under-value) will be left behind by May 15th. Talk about under-valued, SCNT down today 9% on no news. 100 mill market cap, 140 mill cash in the bank, low burn and no debt. If that price is there in the morning I'll buy some more. Under 1.35 especially. That one's got to pop above $2 or $2.50 soon and can move fast. NOVL popped today almost to $5. I see $8 in its future. LOR could still double again short-term. I'm hoping for $3.75. PALM sprouted wings and is still very cheap. Double digits here we come. UIS still at bottom on no good news. Watching for anything juicy going into next week and May 15 to pick up for nice fast chunky scalps and holding all the rest now unless something sky-rockets.