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


To: Paul A who wrote (3751)1/9/1998 4:00:00 AM
From: LzzrdKing  Read Replies (1) | Respond to of 7396
 
PAIR looks absolutely horrendous. If there isn't bad news on the horizon I would be surprised. Stocks don't sell off this sharply on big vol for the fun of it...



To: Paul A who wrote (3751)1/9/1998 7:44:00 AM
From: Robet Butkus  Respond to of 7396
 
After selling my last purchase of PAIR at 20 3/8....I feel a bit
lucky.

Wessles, and another firm have been reducing their estimates on PAIR
but keeping buy reco's...lets just say it is the old wall street
bs.

I repurchased it at every 1/8 above the whole number since then, and
have sold it flat on its downward spiral.

It is a leading company with a cash hoard and no debt, but if business
slowes, no one really cares.

It is obvious that the next eps release is not going to be pretty, and
we have some time until then.

Not going to trade it until after that date since, a preannouncemnet
could come at anytime.