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Biotech / Medical : PLC Systems -- Ignore unavailable to you. Want to Upgrade?

To: Charger who wrote (700)	4/26/1998 5:10:00 PM
From: taLuis	Read Replies (1) \| Respond to of 1202

Trading strategies for PLC from yours truly. Take it for what its worth. Day Trade. Assume the news will be well received and Monday is a BIG VOLUME day. Expect an open price in the $22-23 range. Buy at the open if below $23. Assume $26-27 is resistance. Sell at $26 and go short at the same time. Assume a bounce in the low $20. Cover short below $22. Wait for a bottom in the $18-20 range. Go long from this bottom and wait rest of day for a climb back to $26. Sell at $26. PLC should be good for 10+ points on Monday. Short-term Trade. Assume you are already in the stock. Sell 1/2 position at $26 on Monday. Upon confirmation of sale from broker, immediately place a buy order at $21 (or $19 if you feel lucky) and purchase back the 1/2 position. Go long for potential climb to $30 or higher in two weeks to a month, and sell 1/2 position above $30. Stay long with the remaining 1/2 position and see what happens with FDA approval in the ensuing months. Place a stop loss two points below wherever its at in a month, and move up the stop as it climbs. Long-term Trade. Assume you are already in the stock. Sell 1/2 at $35 or higher in two-weeks to a month, if it gets there. Buy back the 1/2 position on any retracement below $30. Luis