To: Andrew H who wrote (5789 ) 10/22/1998 10:51:00 PM From: Rocketman Read Replies (1) | Respond to
Yeah, I can't pass up a great dead cat like AMLN. V1 is pretty adamant that he doesn't want to keep this longer than a few days. I was trying to get him to do 10K shares, short term 8-9K and hold 1K long, but he wouldn't agree to more than a couple of thousand short term only. Since a couple of thousand was my original gut feeling, I can't argue with that, and it's only a grand at risk. I doubt that this sucker drops much lower so I don't see much downside risk in the short term (except nose pollution as the cat rots), but some good high % upside potential. It hit 7/8 intraday yesterday for instance. I figure yesterday was the quick trigger and institutional dumpers getting out and today was the newspaper stock page readers bailing, so it had to go lower as we know that the market makers like to stick it to the retail guys even more than they will the institutional ones. I think the bottom fishers are starting to get in. Tomorrow, I figure there will be more bailers in the AM and more bottom fishers getting in as the smoke clears. Another thing about this one is that if you read the details of the press release closely it sounds a lot better than the headlines from the news agencies. This may be dead, but they are shocking the heart and may get it restarted. The death of AMLN is not a sure thing.
