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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Gerald F Bunch who wrote (4488)	10/21/1998 7:10:00 AM
From: Thean	Read Replies (1) \| Respond to of 14427

Gerald, INTV has shown a trading range between $18 - $25 in the past 2 months. Based on the sentiment for this stock, which would be the net of its insiders filing to sell, company buyback at $18-19, and its business potentially exposed to slowdown (LT's perspective), and its small cap nature - It is hard for this stock to break through this band to the upside. If you think capital preservation, $19.5 would represent a very good exit point. If the stock goes there, set a cover stop. Then your $3 gain is protected. If it gets to a low of $18 and a basing occurs, then definitely set a cover stop. If it only goes to $20 and base, you may also want to set a cover stop or just cover outright if the market turns around and head north again. The opportunity to short it at higher prices will be there again as long as we don't have a runaway bulls. Today I look for the bank stocks to lead the way down. However, I don't think this pullback will be severe. There are spoiler money waiting to buy-on-the-dip on the sideline and the rally of the past 6-7 days has added confidence to these buy-on-the dippers.