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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: Rock_nj who wrote (5913)	2/16/1999 9:31:00 PM
From: Kimberly Lee	Respond to of 11130

Rock, of all the IPOs I participated in this year, PRGY and EPAY are the only two that I bought more in the second market (actually the third market, to be exact, as I bought them thru INCA, ISLD and REDI). I still like both companies, both of which close strongly today, but I have already taken quite a bit of profit and would not add to my position here because of the market conditions. NAZ closed below 20 DMA 3 days in a row, and DELL is trading around 77 afterhour, down 11 from the close. I am more inclined to looking at some shorts, puts and other hedge plays right now, besides speculating in the pennies, especially those with compelling stories.