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

To: Trader J who wrote (9461)	2/20/1999 12:22:00 AM
From: Coz	Respond to of 56535

ASCT - I seem to have a brighter outlook for this stock, and perhaps to my regret, am still holding my shares. What I see is a company with two established drug, two drugs in the pipe-line that could come to market as early as April, and a third new drug in testing. It sold for $3 before the rumor, and now that the details of the rumor have come to light, we have a $3 company that has received a nearly $6/share infusion of cash, a strategic alliance with a major corporation, and the promise of a buyout in two years for $20/share. It may have closed at 3 1/2 today, but in my opinion, the value of this stock is at the very least twice that. As long as the "story" of a stock is in tact, I am more inclined to hold a position than trade it. I would guess this issue will begin to appreciate soon. MOO (My Own Opinion) --Coz

To: Trader J who wrote (9461)	2/20/1999 1:01:00 PM
From: Wes Stevens	Read Replies (2) \| Respond to of 56535

Jeff, ASCT, I know that it is not the most popular subject right now, but I need to learn from it. When I was trying to get out the day after the news I would put in a sell at the bid. It would fill a couple hundred shares and the bid dropped. My question is how do you get out of something like this?? Looking back at it I think I should have been putting in orders under the bid maybe. But then the bid would have probably dropped even faster. How did you play this??