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Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread

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To: Cymeed who wrote (303)1/29/1999 11:27:00 PM
From: Mark[ox5]   of 779
 
I dont think its a hype scandal... also not a major loser... the stock ran 100%+ in a week... due for a pullback... weak internet day, and then Anthony started shorting it, and his legion of followers followed into the stock causing it to drop along with people who got nervous...

That said,
The news release after the bell pissed me off... and raises a lot of alarms.

However, I did average up at the 3-4 pm time period... didnt sell a share.

It already has gotten a CNBC mention at 6:30 tonite, so its on their radar, and a mention of it Monday will drive the price up significantly. We sometimes need to step back a little and understand as influential as SI is, it's tiny in comparison to the CNBC viewing audience.. etc.

Monday is a tough call..depends on the magnitude of the press release, CNBC mentions, and people's reaction to the press release today. It could be a $30 stock or $6 stock based on how these factors play out.

If it werent for the press release after 6 tonite, I'd be a lot more bullish on it...

Mark
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