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To: Peter V who wrote (2669)9/8/1998 3:29:00 PM
From: Thean  Read Replies (1) | Respond to of 14427
 
Pete, I saw that too. Basically I think SCTR will trade on its own weight and not joining the big dance going on. The risk is their earning is actually respectable and mo-mo decides to jump back on. Weight the reward/risk, I would still consider it a good short here but I'm not adding more position here. Need to diversify.

Mike, we are going to retest this 7952 level it seems. Will find out in half an hour. Bought one put (UN) today. Still short NBR.


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