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Strategies & Market Trends : SPARKY'S CORNER -- Ignore unavailable to you. Want to Upgrade?


To: Jimbo Cobb who wrote (3664)10/13/1998 7:01:00 PM
From: Robet Butkus  Respond to of 4142
 
The death of this board has to signal something...



To: Jimbo Cobb who wrote (3664)10/13/1998 7:11:00 PM
From: LzzrdKing  Read Replies (2) | Respond to of 4142
 
<<To: Sparky Beardslee (3644 )
From: mark mccoy Tuesday, Oct 13 1998 6:22PM ET
Reply # of 3665

Sparky: Are you still into NRVH...seems to still be trending down after the earnings report, but small caps in general are in the toilet. As folks get fearful of the economy worsening, they might put off an RV purchase and stay home a little more...what do you think?

mark. >>

NRVH got hit when FTHR preannounced. The idea of a recession cannot help this sector, and that is why it has tanked in RS.



To: Jimbo Cobb who wrote (3664)10/14/1998 8:45:00 AM
From: Bruce A. Brotnov  Respond to of 4142
 
Mark, the Russell 2000 has now given up earnings for 3 years (vs DOW only 1 year) and is a good indication of what has happened to many of our favorite small stocks such as NRVH. Many stocks are down 30 - 50% or more for this year including one I like, DDIM. REXI dropped from 34 to 8 in a short period and SAH hit me yesterday and also TAGS (in my model). Yes, we could sure use a bottom any day and this week would be soon enough. <g>

Bruce



To: Jimbo Cobb who wrote (3664)10/15/1998 10:58:00 PM
From: Sparky Beardslee  Read Replies (2) | Respond to of 4142
 
Mark: I am still in NRVH in a very big way. I have talked with CFO a few times and will remain fully vested in this issue. They did something recently that is a bit out of character for them; they posted positive news before they had to. they announced to the world that Q3 was going to be a zinger with rev's exceeding 65% and margins rising. They did this to help support the stock when the markets were looking for new lows. In the meantime, the vol dries up and the stock drifts with the mm's doing all the trading. Kind of reminds me of BARR. All the vol. is either me buying or them trading with one another. The other day I noticed what appeared to be a margin call and some stops taken out to $13. Since then I have noticed mm's raising the bid to grab shares in between the spread only to lower the ask back down to attract buyers. They did this to accumulate about 150K shares. Not sure what to expect now. Sellers seem to be out of here. Next move should be up with earnings news leaking out. I have been daytrading AMZN and AAPL. Got in AAPL yesterday at $38+ and put in a market order to sell when the stock was halted. Got out at $40.50. I bought it back today at $36.50. I think this one looks good long term from here. The chart says a big 3yr cup is forming nicely and a close above $40 should take us to $45 and then the sky is the limit. In the meantime, the news is clear, AAPL is for real. When the players exit this one in the next few days/weeks the stock should move up.
I mentioned CHIR a few weeks ago citing a new cancer drug being tested. I bought then at $15.75. It is now at $20. The best news is coming. that news will be that they have a CURE for cancer. Watch this one closely fellows. I gave it to you at 15 3/4.

Sparky



To: Jimbo Cobb who wrote (3664)10/15/1998 11:02:00 PM
From: Sparky Beardslee  Read Replies (2) | Respond to of 4142
 
Been away for awhile. Should solo any day now. Just waiting for medical certificate from FAA. In the meantime, I have over 25hrs. Also, the house is about 3/4 completed. Should be finished just as Darla has her puppies. <G> Holding NRVH, AAPL, CHIR. Trading AMZN and AOL has been a blast.

Sparky