Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: sylvester80 who wrote (59826)	5/1/2002 5:56:55 PM
From: mishedlo	Read Replies (1) of 99280

Panic short covering again. Must be the shorts at $30.65-$30.9. Guess they were wrong again. LMAO. I just love trading using their fear... lol Sylvestor - once again I admire your trading skills and I wish you were in the room I was in so I could follow you in long but this is pure horesh*t Panic covering?! Give me a break. It is in fact that covering as well as IDIOTIC call buying that will keep this market headed lower. If shorts have covered they have $ to short again higher. That is why we rally every morning and the shorts were smart enough to cover (or stupid enough to cover as you see it) GIVING YOU THE OPPORTUNITY TO GAIN ON YOUR LONGS. Perhaps they covered and went long. Perhaps they as smart as you (I was not) to cover the bottom, go long at the bottom and sell at the open tomorrow and tyhen short more at the open tomorrow. Well if they did that then they were smarter than either of us cause I only got half the move as did you. Of course I did a lousy 300 shares and you did 10,000 shares so you 10K/300 better than I did. Perhaps short covering is ths only thing propping up this market right now (other than max pain BS). M

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