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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: Trader J who wrote (75)11/2/1998 5:39:00 PM
From: Coz  Read Replies (1) | Respond to of 56535
 
Hi J,

I came across your thread yesterday, and it looks very interesting. I was wondering if you could give me an opinion on PMTC for a position trade. Thanks much. Great thread.

Coz



To: Trader J who wrote (75)11/2/1998 5:52:00 PM
From: Trader J  Read Replies (1) | Respond to of 56535
 
All: Lets do some good DD tonight and come up with some picks for tomorrow AM.

I followed the lead of TokyoMex today and am currently on WCAP and TUNE. Both closed very well and both, especially TUNE has a nice run left in it on the AOL news.

How about that PAIR. I picked 1/3 of a point and sold it to lock up lunch money. The thing took off on me laughing and pointing all the way. However, there is no such thing as a bad gain. The extra 16,000 would have been nice though.

AGTX was left out of the rally today. Good for a trade or two.

ABTX further pulled back. A wild up market will do that to rumor stocks that have made good. This one will though. Any buy at this level will reward those willing to wait.

CIEN: Rumor, rumor, rumor....not even any news and the thing has screamed from 12. I was out at 17 1/4 and looking for reentry. Still am. When the rumor fades, if no news, so will the stock. This one is money too for those willing to wait.

RMDY: Chart looks good here. I think this is going to be good for a few points if the market helps out. The LU deal is seen as very positive.

TFSM: Looking for a net stock that hasn't participated yet. Look no further, todays volume and price gain will get it noticed. Not much of a history but with nets, you don't need one. The only thing you need is a little exposure and money looking for a home.

Lets get some others out there on the table. There is money to be made tomorrow AM.....watch the market closely. Watch the strength of your issues and don't get suckered out of them in the first 30 minutes of trading if you know they are strong.

One of two ways to play it. Set a tight stop and when the inevitable pull back happens, reenter or don't look back and move on.

Do that DD tonight.

Jeff