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


To: LastShadow who wrote (3256)11/27/1998 8:23:00 AM
From: tide  Respond to of 43080
 
ELNK - Certainly hard to question your outlook Last, but before your response to Emil, I was thinking the same way.

That report is an 'Inside Wall Street' pick & they have an almost certain probability of gapping or rising Fri AM. I suspect that it is not due to knowledgeable investor interest but more a matter of wide readership & 'casual' investors throwing some weekly/monthly extra cash into something in hopes. Could be something akin to buying lottery tickets regularily but if they made a few bucks previously that way, they get hooked & begin doing so on a regular basis & add a bit to their ante. Perhaps some brokers even encourage chasing these picks also.

I know that if I could get those picks before mkt close, previous to Fri AM, I would go for them as soon as I got the info, but I guess everyone else would also. My prediction is for a partial gap on ELNK but I will never bet against Scott with real money.

BIOMF, another Inside Wall Street pick will gap also, IMHO.

Am I making any sense or out to lunch?

tide