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To: SJS who wrote (3948)10/8/1998 4:30:00 PM
From: Steve Casey  Read Replies (2) | Respond to of 14427
 
Okay, been reading most of the posts. Lot to digest and regurgitate.
Just received a $2k surprise and want to put it somewhere highly speculative in this market. Suggestions?

TIA



To: SJS who wrote (3948)10/8/1998 4:37:00 PM
From: drsvelte  Read Replies (2) | Respond to of 14427
 
Jeezum, what a strange day. I had to leave the computer at about 3:20 EDT with the DOW in the crapper about 140 points. I see now it had another tremendous closing rally. Wow! This bull does not want to go quietly into the night!

I closed my WFMI short for 3 points, CDWC for 3/4, and let KRON ride. I managed to again short YHOO for 2 3/16 for a daily total of 8 3/16. So a good day here too!

I was tempted to buy COF looking for the bounce but I unfortunately stopped watching it. It hit an intraday low of 51 and then zoomed back to 63! :(

To all the wise heads out there, what does this mean? The market internals still look awful, but might it rally up a bit before it goes down a la Makempoooorer?



To: SJS who wrote (3948)10/8/1998 5:36:00 PM
From: Grommit  Respond to of 14427
 
Steve, The BRCM looks very attractive to me.

Shall I try out the POS term for the first time?

They made .16 a share in Q2 and just announce that Q3 will be .16 to .17 Huge secondary coming up with mainly sales by insiders. RED FLAG!

biz.yahoo.com

Revenue for the second quarter of 1998 was $45.2 million, an increase of 737% over the $5.4 million in the second quarter of 1997. Net income for the second quarter of 1998 was $7.7 million, or $0.16 per share, compared with a net loss of $1.1 million, or $0.04 per share, in the second quarter of 1997. The second quarter 1998 earnings per share data were based on weighted average shares outstanding of 47.9 million, which included shares issued in the Company's initial public offering in April 1998.

biz.yahoo.com

cbs.marketwatch.com

Message 5891079

Message 5880955

I know what I am doing. Anyone see something that I do not?
regards,