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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?


To: TATRADER who wrote (3460)12/17/1997 12:47:00 PM
From: VALUESPEC  Read Replies (1) | Respond to of 7396
 
Sold MDCO @ 21.56 for just over 2.50 pts. SLAM is looking good. I'm glad I loaded up early. This could see $ 15+ very soon. I wouldn't be surprised to see it $ 19+ in a month or so. I'll sell 1/2 at some point to lesson my risk, and then the other 1/2 when it starts to show weakness or when I feel like it. Still holding all of my SLAM.

It is a shame I didn't hold all my MDCO shares. It did exactly what I hoped it would do except gap open higher the first day I was loaded up. I thought it would gap up at least a point that day . . . oh well, I still made good money with my remaining 1/3. It's funny how you sometimes feel a little bad even when you win !

I've been on a roll for the last week or so. I hope it keeps up. I was gettig burned out few weeks before the crash on Oct 26 (and the crash finished me off for a month or so) but now I'm motivated and having a lot of fun and success. I'm almost up 100% again for the year (I was up as much as 160% before the crash and as low as 50% after the crash). Maybe SLAM will pass $ 15. That should bring to back to 100%. or so for the year. Right now I'm up about 90%

I haven't shorted this week. Maybe I'll look for a target.

VALUESPEC



To: TATRADER who wrote (3460)12/17/1997 12:59:00 PM
From: SpecialK  Read Replies (1) | Respond to of 7396
 
Mark,

Good call on MRVC short term top. How do you know that shorts stepped in at 24.5 versus more sellers(owners) of the stock who were fearful and sold on the rebound? Personally, I had half of my MRVC offered at 25.25. So I would assume that some other shareholders could have done the same.