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

To: Kip518 who wrote (4087)10/13/1998 2:27:00 PM
From: TradeOfTheDay  Respond to of 18998
 
I took a chance, doubled up and bought puts as well... it's going to be sink or swim.

Edit : and it looks like it's going to be a great swim !



To: Kip518 who wrote (4087)10/13/1998 3:11:00 PM
From: Rashid Garuba  Respond to of 18998
 
Kip,

Sorry to interrupt. It would help if you guys added some simple technical analysis to your effort. PVN is rising because of shorts taking profits. The thing went from $85 to $45 in 7 trading days. Of course it will bounce. 50% is typical bounce so PVN should be just about there. Worst case PVN reaches the $70 area. Easier to remain short when you know the worst the pain can get.

Rashid

PS. I am short NDE (over $12)


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