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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Sergio H who wrote (15285)4/28/1999 9:03:00 PM
From: Ken W  Read Replies (1) | Respond to of 29382
 
Sergio,

CELL: Sell today's news. I disagree (I know you like that).

The sell the news today was not large enough and was met most of the day with buying right back in the sellers face. The insiders knew this was coming back at 6 and may have very well sold at 7.50, but I doubt it as they generally go for much larger gains on inside information. Nothing tipped its hand re: the Airtouch deal. Many IMO sold the wrong news today. Short term I'm looking for 8.50. Break over 9 on volume will take the stock back up to fill the gap from the end of last Q.

Ken