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To: dave katragadda who wrote (16502)1/19/1998 10:25:00 PM
From: J.T.  Respond to of 50167
 
dave, I don't follow this stock or its story very closely. There was nothing mentioned on co. news specifically about 20/20 report via Dow Jones, Reuters, PRNewswire etc., but that may be b/c of of news releases earlier in the week as you already know. You are right that if enough of the general public saw the report it will open up say 1/2 to 1 1/2 points (your guess is as good as mine here) and at some point in the morning after its interday peak there will be a "cooling off period" and those who want to sell will sell into strength. From a TA standpoint, this may "gap up" and say open at 14 1/2 area and run to say 15 1/2 before subsiding back down. You then hope that the stock comes back down and tests and goes below the open price and "fills the gap" btw Friday's close (13 1/2 area) and Tuesday's open. In any event, I would buy half of your position below 15 and hope the stock settles down after a few days where you can buy more around 12 1/2 to 13 area where small base support was established in Feb 97'. If you believe in this stock and its story and can get it at 13 1/2 to 13 3/4 area out of the open tomorrow morning (doubtful if this story is "hot) then I would buy then. Good trading and its just MHO. JT