MONDAY'S PRICE PREDICTION:PART II
I like this post a lot from RB.
read it.
At present I am inclined to hold all of next week.
My feeling is that
Shorty Inc is a BIG TIGER ( Institutions ),
and
WE GOT TIGER by THE TAIL!!!!!
as long as
WE DONT SELL!!!!.
Think about it for a minute:
As long as you own your shares you are in control
and Tiger is spinning it's wheels!!!
DON'T LET TIGER GO!!!!
Hang ON to Tiger and sooner or later
TIGER WILL BITE THE DUST AND
C O V E R !!!!
THEY BET 66,000,000 SHARES AND LOST THE BET!!!!!!!!!
LET THEM PAY THEIR DEBT!!!!!!!!
TA
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ragingbull.altavista.com
By: wordsmithtom $$$$
Reply To: 5596 by birdofprey $$
Saturday, 23 Sep 2000 at 12:47 PM EDT
Post # of 5606
"Lock and load, birdofprey,
Button your flack jacket, and go easy on the coffee,
Monday's going to be WAR!
I owned this stock as it dropped from 22 to 5. Averaged down a few times and got out when Wendt came aboard to book some profit and await a consolidation. This week it became evident the debt issues were managable, so I got back on ship. Friday's news buttered my bread.
From a technical perspective, there are less than 10M shares traded in the 11-15 price range. It dropped from 14 12 to 10 in three days last April then quickly oozed down to the 7's where it based then drifted downward some more.
Very little resistence Monday, and with the debt news in hand, a combination of new money and desperate shorts will no doubt make it a firestorm. Shorts were smart to sell as it fell. They had their opportunity to cover as it based. Now they can take the consequences for betting against Gary Wendt.
Long term; who wants to bet Wendt can't handle AM Best, now that he's tamed the banks." |
