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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (384)	2/3/1998 8:16:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 29382

Ken, I'm shocked when stocks like MESA move as much as MESA moved today for substantially little reason. The company is not doing well and today's news releases contained nothing more than good intentions, but no solid plan. I have to believe that the over reaction is due to market conditions. MESA's news release was well timed, coinciding with an optimistic market. MESA will be a perfect short once the market changes direction. The Amigos are trying to maintain a portfolio of fundamentally sound companies, (ANTEX is a start-up and an exemption) and we'll do short term trades on stocks that we are not afraid to hold in our portfolio if the short term trade does not pan out. MESA would not fit our criteria for a short term trade or for a hold at this time. Sergio