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Good trading idea.....quick hit only....then go short, short, short.
Check out a similar situation: TRAC
now trading "near zero".
> -----Original Message-----
> From: editorial@xxxxxxxxxxxxx [mailto:editorial@xxxxxxxxxxxxx]
> Sent: Saturday, May 27, 2000 3:56 AM
> To: Bilo Selhi
> Cc: Omega List
> Subject: Re: Explanations please
>
>
>
> -- Bilo wrote:
>
> > long omga at: $2 limit OB,
> > 10K shares, value approx. $20K
> > exitlong omga at: when tradestation.com comes out.
> > sell stop at $1
> > trailer stop = $2-3
> > target $10-16
> > just like the run up before 2000i came out.
> > risk $1 / $10K
> > reward $2-1x... run up,
> > at $10 runup / 100k profit
> > reward to risk ratio = 10 to 1
> > duration appr. 2-6 months... <snip>
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> Be careful... OMGA shares will convert to LINE at the conclusion
> of the merger... It is not clear that the stock of the combined
> company will depend as much on the software results as it depends
> on the brokerage results...
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