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


To: Canuck Dave who wrote (7868)2/5/1999 2:29:00 PM
From: Trader J  Read Replies (1) | Respond to of 56535
 
CD: MDIN - I am in for 40,000 shares and plan on holding long term. I think we will see some price appreciation over the next week especially when the drills get turning on Wed. However, I would prefer to see those that get into MDIN, hold if for a long position. There is an enormous short position on it and it appears that some MM had been phantom shorting the stock (shorting shares that were not available). This could cause a tremndous squeeze if they are forced to buy those shares back.

However, this is still a penny stock and VERY speculative.

Still in PQT - Looks like the same pattern from yesterday only today, the NAS is slowling catching its breath.

TJ