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

To: Bob Trocchi who wrote (4222)10/16/1998 9:33:00 AM
From: mod  Respond to of 18998
 
Bob,

I happen to know a bit about financial stocks, and have to say that it historically has not been a good idea to be short financials while the Fed is cutting rates.

Mr. Pink has apparently abandoned PVN as a short, if your sole reason for shorting was his recommendation, you might want to consider following his lead again.

Dennis



To: Bob Trocchi who wrote (4222)10/16/1998 7:28:00 PM
From: xcr600  Respond to of 18998
 
Well Bob, you're not alone. My experience pretty much parallels yours. Except my entry price was in the 60's. My thoughts are that it's at or near it's top. Don't see it coming back down as quick unless there is some more bad news globally that would affect the whole market.

Good luck.


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