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

To: DM who wrote (2608)	12/27/1998 6:34:00 PM
From: BarbaraT	Read Replies (1) \| Respond to of 56535

I bought more SATH at the close at 6 15/16. I don't know if this one will gap or not ... I guess the story is if you like it, buy it with a limit order at the open. If it gaps it could continue on up. I wanted to buy SKYM at the open that day, but it gapped up about 1 point so I waited for the pull back ... but it kept going with a pull back of about 1/2 point every 3 or 4 points. Next thing I knew it was 14 and then it fell to about 9 1/2 and rose again. So I would have been better buying at the open with a limit of 1 point above since it got away from me. My feeling about SATH is that it is still relatively unknown and may be a nice hold for a week or so before it takes off .. . and that's "IF" it takes off. But if it does, at least I will be positioned nicely. I feel there is limited downside. Have the tv side as well as the website, which I personally like. And it is in the black!! If it does take off tomorrow I will be disappointed as I would like to add more to my position and if GEND takes off, will sell that and put it into SATH. I think I rather buy while it is moving up than down, since that may be a portent of things to come.