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Zeev Hed

02/19/05 9:30 AM

#360922 RE: bfenton #360920

COCO was never a core holding, though it has yielded very nice trading returns (despite the cancellation by the naz of the best of those trades). It has violated $17 intraday yesterday, so it goes on the "watch list" to be dumped. It will be dumped in any event, if it manges to take out $18.20 or so, fine, then it could go up another buck or even two, but I consider yesterday's breach a shot over the bow. With that one, things can change day to day, it is under the influence of news in any member of the group.