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

To: taxikid who wrote (3439)	1/20/1998 6:50:00 PM
From: Druss	Read Replies (2) \| Respond to of 4339

Taxi--I covered my WDRY a couple weeks or so ago for a couple of points. A quickie day trade but worth doing. I didn't like the lack of movement and thought I would wait a bit and try to hit it before earnings when I figure it will move down. TJ was playing it from 25 to 24 and then hitting it again. Hope he set a tight stop or was out waiting for it to run back up. I am trying to figure a time span for hitting this company now. They are bound to show some additional costs to assimilate this new aquisition. That and the increase in their debt servicing will show on the bottom line sooner or later. They report earnings in March and I think the quarter after in June. The June report should make for some riveting reading. It will break sooner or later but the classic short mistake is to jump in too soon and then wait forever (one reason I got out when I did, sure not sorry now). I am going to see if I can get some TA from someone on ZONA. I am getting some books to learn that stuff. I mostly want entrance and exit points. I can't see it as ever replacing fundamentals and good research. All the Best Druss