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

To: Poet who wrote (6539)1/28/1999 3:45:00 PM
From: Trader J  Respond to of 56535
 
Poet: PRFM - I am waiting as well. Going to add another 1000. Nothing else has as much immediate potential. Perhaps NAVR, but I am going to risk waiting and go for the more certain result.

Waiting....

Tj



To: Poet who wrote (6539)1/28/1999 3:46:00 PM
From: Maarten Z  Read Replies (2) | Respond to of 56535
 
Looks like we could see that 10 1/2 close

Very predictable trading range today.
Might be a little more volatile tomorrow.

Good Luck



To: Poet who wrote (6539)1/28/1999 4:50:00 PM
From: Maarten Z  Read Replies (1) | Respond to of 56535
 
Poet- What are your thoughts on PRFM open?

Normally I would sell at open if the gap up is significant.
Then wait until MMs start shaking things up and dropping
their bids. I would assume they would have to cover their
short positions and get back some inventory.
Then (hopefully) buy more back at the earliest low.

I am definitely long til Monday (Tuesday ?)
But it never hurts to squeeze some extra $$$ out of it.

Thoughts?

MZ


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