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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (2609)	9/4/1998 11:02:00 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 18998

LBOR agenda... Thank you Barb, just think about ponying up some money and changing to CyberT or MBTrading. Will write another inquiry to Datek (they will lose only commissions for 800 trades per half year term). About LBOR: I found this in the undergroundtrader site: "August 19, 1998 - Wednesday 2:25pm - We scalped LBOR several more times today. Company releasing press release at noon (pst) news hit Reuters and Dow. We are flat LBOR in the case this is a buy the rumor sell the news phenomenon, and we're gone for the day :-) Watch TSCO on lvl2 and sell into strength when ecns drive up the bid. 1:10pm - We scalped LBOR for +1/8 and will trade until the announcement time at 3pm est. 12:50pm- We are in LBOR at 26-5/8. Just spoke with Company and they stated there is "no truth to the rumors" and a press release followed by conference call is schedules. The press release will be out around noon pacific time. " 12pm - We played LBOR down hard over 6 points. TSCO is the ax to watch. Company has no news but rumors aboound regarding illegal doings with payroll taxes and immigration with the workers. In any case, we scalped +1/16 at 22-1/2 and out at 22-9/16. We got a partial at 22-3/8 and sold it at 23-1/8 for (+3/4). TSCO is the Ax once again. Best to trade with the one minute tick stochastics. The big sizes jump on both sides scaring weak handed daytraders. The name of the game on this one is PANIC. The support appears to be 22... but that could change after lunch! Careful with the wiggles! We advice using ISLD or SOES on this one moves too fast!" I do not know that much about undergroundtrader's agenda, quite he is strictly daytrading and not sticking to a position, but the daily updates are worth a look, as they come in frequently. See: undergroundtrader.com Greetings Christian