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Strategies & Market Trends : Action & Options- Taxikid plays -- Ignore unavailable to you. Want to Upgrade?


To: Druss who wrote (2719)11/12/1997 1:05:00 AM
From: tcarnes  Respond to of 4339
 
dear druss if one were a day trader with the ups and
downs of ddim one could do very well as I see it. Iam
looking for oil mid east looks very hot. Looking to bail
on ddim we will see. Thanks for the help. tj.



To: Druss who wrote (2719)11/12/1997 8:12:00 AM
From: Allan F  Read Replies (1) | Respond to of 4339
 
Druss,

I am looking for a short to replace ZITL in the near future. I was thinking of DDIM or ACLY. Below are a few notes I have on ACLY, I was wondering if you (or anyone for that matter) could look to see if I forgot anything

Market Cap $130 million
PE 162 <- DDIM's been higher
PS 52 <- whopping!!

20 Institutions w/ 47.6% of stock <- seems high, but may create a race to the exits

Short Interest as of Oct
560K + 36K from Sep
- 60K from Aug

2.78 days to cover

Volume has really picked up since Aug, back then it was 10 days to cover and the stock prive was under 15. It was pretty strong in Sep & first half of Oct. Backed off from mid 20's since then.

On the SI thread nonzeroa has found a report of Insider selling w/o any Form 4's. May be fishy, I am inclined to think it is just stupidity.

I couldn't find the float.

Anything I forgot?

-Allan



To: Druss who wrote (2719)11/12/1997 12:43:00 PM
From: Blue On Black  Read Replies (2) | Respond to of 4339
 
Druss,
A wise trader friend once told me to never let a winner turn into a loser. I bailed on ddim long 20 1/2.
lee