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


To: Baghul who wrote (3853)10/9/1998 5:33:00 AM
From: Mr. Pink  Read Replies (1) | Respond to of 18998
 
mr. pink is looking at cos such as FSA...no opinion yet.

Mp



To: Baghul who wrote (3853)10/9/1998 11:46:00 AM
From: Lurker  Read Replies (1) | Respond to of 18998
 
<<Are you saying that we may get a dead cat bounce on stocks like NDE, PVN, etc.>>

Thanks to Mr. Pink, I made good money on NDE on the way down.

However, I think NDE may be the diamond in the rough. I have sunk some of my long-term "safe investment" money into it.

I bought a bunch at 9. I figure with dividends of $2/year and selling covered calls for another $2.50/year, that is a 50% return on my investment per year, regardless of the price of the stock.

In fact, I might enjoy it if it goes down even more. Just think, buying NDE at 4 - 5 would mean a 100% return on investment per year!

Take care, everyone.

Lurker