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To: Andrew Vance who wrote (13365)4/22/1998 3:49:00 PM
From: Andrew Vance  Read Replies (1) | Respond to of 17305
 
*AV*--I took a flyer on WCII at $35.50 just moments ago. This was recommeneded by someone in the mid 40s (42-44, I believe) and became attractive as it sunk into the mid 30s. This is to be considered a high risk gamble since its chart seems to indicate more of a downward trend after a nice run up. It is just a small position motivated by an apprarent reversal from 35.125 and showing a little confidence in the individual who recommended it. I will probably add to this small position as it rises through certain levels ($38.50, 41.50 and possibly 44.50) on the upswing. This will be one of my first attempts at buying into relative strength.

I mention this stock only because it has been spoken of by other threads, other members, and a few of the internet information services. It is still a very speculative investment and I do not encourage anyone to follow my lead without doing a great deal of DD on their own and feeling comfortable with the stock. As a matter of fact, I would prefer if no one followed me into this trade based on my comments or actions. Again, it is a small position that will be added to on the way up in order to experiment with a new trading strategy talked about by members of this thread over the past year: buying into strength.

Andrew

BTW-I know that there are only a few minutes prior to the close of the market but I just dumped all my AEIS shares at 16.25 in anticipation of earnings after the market today. I will most likely revist this stock post earnings release over the next few weeks and try to replace the shares at $15 or less. This is just a quick and dirty 10% play based on "Mystery and history".



To: Andrew Vance who wrote (13365)4/23/1998 9:53:00 AM
From: Patrick Slevin  Respond to of 17305
 
Seems as if yesterday PM was the time for Index puts.

I think we are at a critical point here. But the afternoon has a chance to get ugly across the board.