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

To: Trader J who wrote (14409)	5/11/1999 12:49:00 PM
From: LTK007	Read Replies (1) \| Respond to of 56535

Well I did at least make one nice little play---bought WMT 47.5s at 1/2 last week---they are now 1.25,but I am holding out for more:)--WMT was a screaming buy last week:) Back to my garden.Max O yes what is up with MMPT Jeff--is that a buy,or is there something wrong we don't know about?

To: Trader J who wrote (14409)	5/11/1999 1:08:00 PM
From: Wes Stevens	Respond to of 56535

I have been in meeting most of the morning. Damn job interupting my trading. I am still in ABTL and got back in AWEB this morning. I am watching them like a hawk and have a tight mental stop set. This market needs a good solid correction.

To: Trader J who wrote (14409)	5/11/1999 1:15:00 PM
From: Maarten Z	Read Replies (1) \| Respond to of 56535

It appears recent IPOs starting to be picked up ADFC NETP LAUN Seems to be short term memory working here as not much response yet to AWEB ABTL ONEM FLAS However if I remember correctly about a month ago all of the sudden recent IPOs were making 3 - 4 day runs. MZ

To: Trader J who wrote (14409)	5/11/1999 1:46:00 PM
From: R L	Read Replies (1) \| Respond to of 56535

TJ:>All: Anyone following any particularly compelling stories today?< MGCN:otc:bb I don't like stocks on the bulletin board whose price can be manipulated unmercifully as this one has. I don't like a business model based on multilevel marketing which this one is. I don't like having to depend on Vancouver based promoters for price movements. I'm in as of this morning at 1 15/16. After pushing back the date of their website opening several times MegaChain is due to be online tomorrow. There are at least 2 and maybe 3 newsletters who will make sure this news is well disseminated.The promotion team will do their part.The price has come back under $2 as fast money left during delays in getting online. I am looking for 33-50% short term and will exit. There are those who think the company has a bigger longer term future. I'm not so sure but it looks like a quick trade for speculators who can monitor it. Investors beware. Just an idea on a slow day. Regards, RL I hope I haven't overhyped this one.