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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?


To: Tim Luke who wrote (4965)11/2/1998 5:20:00 PM
From: Oral Roberts  Read Replies (1) | Respond to of 7247
 
Tim,

Sorry about buying KNT. I have quite a record of doing this to a stock. Once people learn from me they can take my buys as a sell signal:)

Jeff Roberts



To: Tim Luke who wrote (4965)11/2/1998 6:52:00 PM
From: Don Pueblo  Read Replies (1) | Respond to of 7247
 
Tim, last Friday was the year end for the fund manager tax selling. I believe that the strong stocks today had some of that money flowing into them. Talk about gun-shy, I jumped on the PAIR train at 9 13/16 and bailed for a half. Jumped back in at 11 7/8 and bailed again at 12 7/16. I'm so friggin' skittish after the last 3 weeks, I thought the stock would tank a point each time I pulled the trigger. I got hit on both exits 1/16 above the ask, that's always a bad sign when you are trying to get out at the top...<ggg>

Anyway, my point is that I think some of the "negativeness" will move out of the market this week, and the next couple of days should tell us what the big money likes for the next few months. They obviously like CIEN and PAIR, for two today. I'm staying away from CSCO, I have a bad feeling about their report on Wednesday.

Good luck tomorrow, buddy.



To: Tim Luke who wrote (4965)11/3/1998 2:31:00 AM
From: Glenn  Respond to of 7247
 
The obvious is happening. TLABS is fixated on CIEN. Here we go again. At least they might get them for a price they can afford this time. One wonders if the last deal and its postponement, etc. was to push the deal cheaper for TLAB? In any event, WATCH YOU POCKETBOOK ON THIS ONE!!
Thanks,
Glenn