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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 689.49

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To: Johnny Canuck who wrote (35611)	12/21/2001 1:25:05 PM
From: dlu	Read Replies (1) of 69584

Thanks Harry... I was wondering who the mystery pumper was. I watched it trade a few days ago... put in a buy for 5000 towards the end of the day. I got about 1000 shares and the ask zoomed up about 13 cents. I let it stand into afterhours and it never filled. I find it's interesting to put in a block buy on low volume stocks to see what will happen.. pretty predictable in this case... it trades very bumpy. I got a few more the next day at close to the low through patience and the fact that I know I'm going to be trying to get out ahead of a lot of others that are betting on this yearly phenom. These low volume ones can bite back and I'm not looking to add any more bad trade scars to my chewed up torso this year <g>. I figure the only thing that might hold this up any longer than a short span of time is the Olympics hype that will surely be coming.. apparently there is some kind of soccer deal too. I'd suggest this only as one that is a total gamble. I just updated my charts and it looks really ugly ... it appears as though someone is dumping in high volume but I could be wrong. Sometimes I get burned misreading TC2000 data.. HYGS appears to have moved down on a downgrade from strong buy to simply a buy. The selling looks to be dying off. I'd like to see it back to the sub 5 area for buying. Not sure it will get there. I'm watching for that gap at 5.30 for starters. mattie.. still in ZOOX? I have been watching this one too... almost jumped in the other day. Looking back on the charts from this time last year I see that the selling continued into the new year before it began to move to the upside.. the difference today is the price.. it hit bottom @ 1.09 on 1/9/01 before moving up. dlu

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