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


To: Trader J who wrote (7931)2/5/1999 8:03:00 PM
From: Trader J  Read Replies (1) | Respond to of 56535
 
ABTX - I still feel you can trade this sucker. More caution will be needed now that it has broken and closed under the 7 support level.

I still, however, would not hesitate to immediately pick up a few thousand shares if it gaps down. I don't think it goes much lower but we will see.

1/4s and 1/2s should come relatively easily so if you trade it, make sure you do so with large enough lots to cover your commissions.

TJ



To: Trader J who wrote (7931)2/5/1999 8:08:00 PM
From: QuietWon  Read Replies (1) | Respond to of 56535
 
dman (notice i purposely spell it wrong to be polite), i shoulda/woulda/couda shorted EGGS, but truly, I have been away from EGGS/COOL/DRIV for a while.

In my study of the internet sector, I have been looking elsewhere. So many co's can't catch every one. But, I do think forward, and see some untapped/undeveloped "holes" in the i-net sector - groceries, then with pharmacies should do well. Faith Popcorn says "we live in a cocoon society" ie we live from the home and us youngin's leading our "99 lives" don;t even have time anymore for grocery shopping (i do make time, but find it would be so nice to have what I want to eat available when I want it - perhap b/c of the mkt or being in the NY area recently from a move from Cda, now going to Caribbean - mouthful) or there is the older crowd (meals on wheels type or pre-wom's) that cannot do their own shopping with their kids being far away.

Anyway that's one thing to think about.