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Non-Tech : LL Knickerbocker(KNIC)/Pure Energy Corp -- Ignore unavailable to you. Want to Upgrade?


To: Gary Bridges who wrote (798)2/4/1998 4:29:00 PM
From: Bankceo  Read Replies (1) | Respond to of 1028
 
I hear IPO is now set for March.



To: Gary Bridges who wrote (798)2/4/1998 5:47:00 PM
From: Eric J. Beyer  Read Replies (1) | Respond to of 1028
 
Hi Gary. I bought 1000 @ $6.00 a few days ago. Looks like 5 1/2 may be the bottom for now, like it has been in the recent past. If I followed my own predictions more precisely, I would have held my short position until it looked like it was reversing direction in a meaningful way, like it did today, IMHO. My last two trades in KNIC were covering 2000 shares I was short, then buying 1000 a few days later. If a guy were to get really good at "KNIC Predicting", they could probably just work 2000 or so shares back and forth as a full time job, eh?

The volume was up today, even though I didn't see any news on the wires. I believe other traders were looking at 5 1/2 as the bottom too, that may be part of the reason that it bounced up on volume.
Anyhow, I hope that any news that comes out soon will be GOOD news.
I'm going to start watching the chart on KNIC super-carefully. It seems to always get a spike up then a sharp reversal every time major good news comes out.

Good luck with your shares. Hope it keeps floating up for awhile.
I wish this thread would get more active. Go KNIC !

Eric