LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: LastShadow who wrote (15462)	6/11/1999 4:45:00 PM
From: LastShadow	Read Replies (4) of 43080

"My guess, since you asked, as worthless as it probably is, is that the market will open down on the CMGI news, try for a mid morning rise, fail by noon, go flat for a few hours, try for the late afternon rally, and then fail miserably at that and close down." See, I'm not as dumb as I look...on the other hand, I held the AOL short for the weekend as its a positional short and nota daytrade. Today's action broke major support and although it could bounce Monday morning, at this level we should be seeing some longer term holders bailing and the short interest volume pushing up. With T down as well it looke worthwhile to hold the short. however, it could be that I am dumber than I look...next week will tell I suppose. Have a safe weekend gang! lastshadow

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