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


To: snerd who wrote (6153)1/26/1999 11:50:00 PM
From: Trader J  Read Replies (1) | Respond to of 56535
 
PRFM - The more I look at this issue, the more I like it. A float of 1.90M and trading nearly 1/3 to 1.0 of that daily. A price to sales of 0.29 and a bunch of news on the way. I don't see how we can lose on this one over the next 1-2 weeks. I am going to load up another 2000 shares after my ITEC play.

TJ



To: snerd who wrote (6153)1/26/1999 11:53:00 PM
From: Trader J  Read Replies (1) | Respond to of 56535
 
ASCT - I have heard through the grapevine that TM is hearing that the deal is done as well. Will add 2000 shares, most likely, tomorrow. Now don't go and bid the price up on me before I have a chance to get back in .... ggggggg

TJ



To: snerd who wrote (6153)1/26/1999 11:55:00 PM
From: Coz  Read Replies (2) | Respond to of 56535
 
TMex $100 newsletter -- I suppose if you can get his email instantaneously and instant fulfillment of your trades it would be worth it. I had nothing but losses the month I tried his service trading mostly his "position" trades. He seemed to jump in and out of stocks at a pace that I would imagine is baffling to most of his subscribers. So, basically, in spite of the fact that at least some people seem to profit from the service, I lost interest at half the current price. --Coz



To: snerd who wrote (6153)1/26/1999 11:59:00 PM
From: Trader J  Read Replies (2) | Respond to of 56535
 
NAVR - I have received a couple of PMs asking why I sold my NAVR today when I have been relatively long on it for the past 2-3 weeks.

We are traders here, and as sure as I am that NAVR will pan out for us, I felt that I could take advantage of the disappointed public here and play a couple other things before the news comes out.

However.....

I am walking a tightrope here and I may miss one of the 3 plays that I want for the next couple of weeks: ASCT, PRFM, and NAVR. I simply want too much of each one of these and am trying to balance my portfolio appropriately. I am trying to take positions in the following amounts.

7000 ASCT
3000 PRFM
2000 NAVR

I don't have enough in my trading account to make that happen right now so will have to either fund the account more (something I don't want to do) or scale back and not get greedy.

I think PRFM has the most near term potential and NAVR could go within the next two weeks at some point after the IPO announcement. I will most likely scale back my ASCT to 6000 and the NAVR to 1000, which means I will be buying 1000 ASCT and 1000 NAVR as well as 2000 PRFM.

Issues to keep an eye on as well.

PROG - Will go again. Earnings soon, could be big.
DLIA - IPO play, good numbers and volume.

TJ