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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Rumball who wrote (439)	10/28/1998 8:43:00 PM
From: hoffy	Read Replies (1) \| Respond to of 11130

Here'a good momentum stock for tomorrow: ITVU might be a nice play tomorrow leading up to the launch of John Glenn back into space. They will have a live broadcast along with interviews and other media events. Some news will surely come out during the day. The volume really picked up late in the day today and moved up nicely. it should continue through tomorrow until the launch goes off in the afternoon. With expected news about it this should be a nice play for a day or so. I got some today and will get more early tomorrow and will look to get out early on friday. The stock has already been beaten down so the downside is limited. The upside is probably a couple of points especially if the shorts get scared and decide to cover. It could move up fast.