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Strategies & Market Trends : Sharck Soup

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To: Sharck who wrote (4850)11/29/2000 5:13:46 PM
From: velociraptor_  Read Replies (1) of 37746
 
Covered 1/2 of BRCD short from 177 at 146 1/2 after hours for a slam dunk 30 points. I will cover the other half tomorrow morning.

On a side note, tomorrow morning may be a good time to cover shorts temporarily. Looks like we may end up with a gap down due to some of the bad news in the PC box area as well as with Intel recalling the P4's. If we get a large gap down, I wouls suspect many will look at this as a buy opportunity. Watch for prices to level off in the first 30-60 minutes. If you want longs, go for the beaten down techs that are more popular. 2nd and 3rd tier stocks won't recover as much. Also, stay away from the PC box makers as I don't think they will bounce much either.
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