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

To: Pancho Villa who wrote (3967)	10/11/1998 12:34:00 AM
From: Dr. Seuss	Read Replies (2) \| Respond to of 18998

Pancho, The money I have in the market is somewhat fun money for me. I tend to go all out on my convictions, but it's always spread between 7-10 different positions and with margin to cover large runs. I covered three of those 10 this Thursday and Friday, the others are REXI, LBFC, BTIM, PRBZ, MSTR(oops), DTLN and ENVY. Ahead on all except for MSTR. I'll add when it peaks. I'll short PVN heavily next week. My conviction is that the market will rally on Monday for a bit and then head down again. Stuff is still overvalued and the interest rate cut rumors will die out if something doesn't happen soon. If it does come, well, we saw what happened the last time they cut rates. Two day rally. We'll see 7400/7500 again...and if we break it, the wholesale panic will kick in. Then it's just sheeple over a cliff. Dr. Seuss