SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : USRX

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: H. Nguyen who wrote (6026)12/4/1996 11:44:00 AM
From: Jeffery E. Forrest   of 18024
 
I'm loving it.

>>>>From Wall Street Journal 12/4/96:
NASD Tells Analysts To Back Up Views<<<<<<

Looks like "classic manipulation" to me.
YES USRX was overextended at 81 and needed a good correction. Need-Ham saw this on a chart and decided to raise some hell.

It worked great. It was a GREAT trading day. I cashed in my options at market open yesterday (phew!!) after seeing my charts. Traded the hell out of it all day.

I got back in big at 4:05 before options close, after looking at the charts again.("classic over-reaction by market)

This was a good thing overall.
Anyone who actually thought it was going to stay above 80 without backing off was blind. We're back on track now.
Jeff
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext