Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: TATRADER who wrote (3898)	1/16/1998 7:45:00 PM
From: Paul A	of 7396

I had a chance to sell at break even on FORE today but stuck it out. Earnings are due on Wednesday, and I still expect buying to take place on Tuesday. Profit taking in the 17-17.50 range was on average volume but mostly small sellers. The market was also having a very 'paranoid' session on Thursday, and it was odd to see it make the jump into the 17 1/2 range as well.. Also looking at the buying over the last few sessions I see periods of support from large buyers. Thursday they backed off and let it drop with the market, but kept accumulating in small blocks. Today it was even more obvious as you would see lots of small sales, but the stock was supported by 'serious' money. We will know on Tuesday but remember, all I need is $17 1/2 to make a wonderful profit so I may just forget my target of $18. I really doubt the institutions that are supporting this stock will drop out at the last minute. One thing I know for certain about FORE is that it has some serious money following it. Im just hoping their intending to push it up and not down. Thanks for the wisdom as always Mark!

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