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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: zx who wrote (4320)	7/19/2001 5:08:08 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 6873

Wellll, looks like tomorrow may be the big down day I was looking for today. Bought a few 2003 leaps today to hedge my shorts and insure I don't miss out, but kinda looking like tonight is the night to short everything in sight. Thanks for NUAN...another great call. Have to thank you for NETA also as when you posted that blurb I picked up 1000 shares long. Trying to decide if I should bail or hold till tomorrow. Report sounding pretty good and stock seems to be holding up OK in the afterhours sell off. Thanks Michail, Steve

To: zx who wrote (4320)	7/21/2001 11:22:33 PM
From: Michail Shadkin	Respond to of 6873

ZX - Re: CORV I am not incredibly bullish on CORV by any means. But, I do feel there is some value here (decent cash and small burn rate), but a terrible sector. They only have 3 clients I believe (2 of which are not suffering as much as everyone else) This kind of cushions them a bit against the economy. I am doing something a bit different with CORV: I add 1/4 position every 1/2 point down and sell 1/4 position every 1/2 point up trying something a tad different here and see how it works out, so far so good. Originally bought 3/4 position at 3.52 sold 1/4 at 4.00 and 4.50 each then bought 1/4 at 4.00 and 3.50 each So far small profits. I think CORV is a solid hedge play against my shorts. I am not sure I would even be long this stock if not for hedging. I can see a bounce to $5.00 on any kind of good news (which has been very hard to find lately) Michail