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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Rock_nj who wrote (5890)4/22/1999 8:49:00 PM
From: Rande Is  Respond to of 57584
 
Rock, Yeah, I only make such statements after doing LOTS of DD. I may "hope" a stock does well. . . but that doesn't mean I have invested or gambled my own money on that happening. This one I have. And RRRR is the example. I was NOT crazy about their history or sudden directional change and accompanying name change. . . but it has been apparant all week long that there are plenty of investors/traders that are not nearly as concerned with such things. . . .

Now whether they are just caught up in the speculation or truly believe in the long term potentials, I don't know. But as TRADERS, we cannot ignore the opportunities. I believe that TPEG has a better model and background than RRRR. Now there is no guarantee of CNBC interviews, but a glance over recent press shows that they have a momentum going.

So I will play in a similar way to RRRR. . . holding a portion long from the bottom, and trading the rest with the daily/weekly fluctuations. So TPEG is a Position trade with long-term accumulation.

Personally, I think the preferred shares are the real bargain. . .convertible to 1.25 shares of common and pays a dividend. Latest dividend of .10 per share is paid next week. And there is a tiny tiny float on the preferred, so it has the potential of rocketing when the commons run. How can you beat it?

Funny thing. . . . .the best trades this week?

Wal-Mart, IBM, Lucent, MediaOne and Qualcomm. Not an internet among them.

Rande Is