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Strategies & Market Trends : AMIGOS INVITATIONAL YEEHAW PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: Instock who wrote (226)	5/15/1999 4:02:00 PM
From: Instock	Respond to of 1316

< PORTFOLIO UPDATE > I ended up not playing either IFLY or ELOT. Wish I had as IFLY is UP 1/4 and ELOT had a real nice one day pop and drop...drop still going on. A nice 3 day play.. Anyway... I missed them. Still away from Internet at work...hoping that will change mid week. Despite the temptation to call IBM a Short Sell at 239 1/4, and maybe Buy to Cover around 230.... I will call MATX a Short Sell for Monday, probably Tuesday as well. Short can be from the first Up Tick after the open Monday. The Day traders played this like a Violin Thursday and Friday. Many of the Short Sell Day traders covered Friday, or the stock would have dropped more then 13% The Short Term Short Sellers are about to take full control and will enjoy the benefit of Many Day traders coming back in for another round of shorting. Wednesday High - $2.843 Wednesday Close - $2.75 Thursdays Open - $8.25 Thursdays Low - $6.00 Fridays Low - $5.06 Closed friday 5 9/32 Bid A $2.44 GAP yet to be filled. A Very Weak Stock Market to help it along. Should see $4 and sub $4 within two days.IMO Many Short Sellers re entering Monday. Insiders been selling biz.yahoo.com " For the fiscal year ended 12/31/98, the Company reported no revenues. Net loss fell 46% to $21.3 million. Results reflect the termination of clinical trials for AccuSite (TM), the absence of $4.5 million special charges and lower personnel costs. " They better get something to market soon " no revenues " or bleed to death quickly.... guess that is why it was a $2.00 stock for so long. Instock