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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Leland Charon who wrote (15110)	6/2/1999 9:29:00 PM
From: Walter High	Read Replies (1) \| Respond to of 43080

Leland, I have watched PIR for about 2-3 years. It seems like it often has a run-up right before the same store sales are announced, usually the first Thursday of the month unless the first Thursday is one of the first two days. Even if the sales are good, the stock seems to drop off afterwards. I guess it is buy on the rumor, sell on the news. I have been burned enough times that I decided to just take my 35% profit and not watch it all dribble away in the first 30 minutes tomorrow. Of course, this time I will be wrong. It will probably go to 15-16 in the next two weeks before my options would have expired. Nevertheless, I will force myself to be happy with a profit and not look back. Walter High