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

To: Ken W who wrote (24889)	5/6/2001 7:28:18 AM
From: arnold silver	Read Replies (2) \| Respond to of 29382

Hi Amigos, Back again for advice. I have 2000 shares of cmgi and 47 calls $5 june. I checked the put and call ratio and found the calls are way ahead the last few days.There is also action in the 17.50's. I can't find any news on why the movement, but I have a double. As you probably know I usually hold long term but people are saying that this is a short squeeze. My impression is the stock was over sold, company has a value of over $8. Any suggestions on what to do? Thanks, Arnie PS Last quote is $6.22 and I am in at average $3 last years high was $170

To: Ken W who wrote (24889)	5/6/2001 12:26:06 PM
From: in_cog_nito	Read Replies (1) \| Respond to of 29382

Ken: Sorry for not getting back sooner... as you know my life is very busy right now. Update from my last message here... I believe on Wednesday I said I would probably Sell sometime Thursday or Friday... I missed the open Thursday and watched the stock drop. It did not hit my stops, but it was down close to were I had bought in, I think it was Tuesday. ( its all becoming a blur.. lol ) The stock recovered near the close and I sold with about 30 seconds to spare before the close, with a price better then if I had sold at the open. ( sometimes the Gods Do smile ) Nice little .35 per share one or two day gain. Bought back in Friday, after the stock dropped from the open. Bought at 5.80 and rode the stock to the close at 6.13. Where RDRT is headed does not concern me as much as having a good feel for its daily directions. I will leave the longer term stuff to your chart readings. I have a strong feeling, which your charts seem to disagree with me about, that RDRT is headed mostly UP over the next few days / weeks. I don't think it will see the low 5's for a long time.... but again, currently direction on a daily bases is more important to me. My Buy at 5.80 I held over the weekend. If pre Market looks weak Monday, I will probably sell at the open and re buy at a lower price. This is working real nice for me, so far. After a week and a half, I have added 17% more shares from my trading profits. More Cash and more shares. If this works out over a month or so time, I should have a lot more FREE shares and every correct trade will produce much greater profits then just a week ago. Best laid plans of mice and men....do not always work out, but it is looking good so far. Ok, what's the Chart update? I think the last I saw from you was Wednesday. As I believe I noted Wednesday, the indicators are turning upward. This is even more noticable now!! A couple more UP days and the ICQ Zone should turn GREEN again. As you know, I highly respect the ICQ zone. RDRT is riding just above the 10 dma now and the 10, 50 and 200 MA are tighting a bit. Most indicators are pointing Upward. Maybe this coming week will be a bit less hecktic for me so I can research stocks a bit closer in the evenings. For a few months I was to busy during the day to trade effectively but had time in the evenings for research. Now it is the opposite, I have more time to trade during the day then I have time in the evening for research. I'm having an Open House today for my Rental House and I expect everyone of you to be there. : ) Bring 134,900 with you or a good earnest money deposit!! PLEASE!! lol later..... icn