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


To: Nicole Bourgault who wrote (9637)2/22/1999 2:25:00 PM
From: Tae Spam Kim  Respond to of 56532
 
Trade: Bought SATH (Shop at Home) at 13 3/16 on Yahoo deal rumor.

Other Holdings: Still holding Preview Travel (PTVL) and Pacific Internet (PCNTF) which are both up nicely today.

-Tae Kim



To: Nicole Bourgault who wrote (9637)2/22/1999 2:28:00 PM
From: Trader J  Read Replies (1) | Respond to of 56532
 
Nicole: PCNTF - That is why you never buy stocks for at least the first 45 minutes of the trading day....and usually, not for the first hour (depending on the issue).

The only time I violate this rule is if there is a specific reason why I think the MMs will not be able to pull the stock back (i.e. A news release).

Especially with PCNTF, gaps in the AM, and always pulls back.

Tj



To: Nicole Bourgault who wrote (9637)2/22/1999 2:48:00 PM
From: Poet  Read Replies (5) | Respond to of 56532
 
Nicole: SATH:

Please be careful holding SATH long. Here's a post about it:

Message 7965794

PS: I'm short SATH since I found this out.