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Strategies & Market Trends : The Dead Cat Bounce Theory

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To: p. webster who wrote (112)3/23/1997 12:16:00 PM
From: SE   of 1836
 
p,

Would appreciate your read on this one. I bought GWRX (Geoworks) on Friday for 6 5/16. It dropped 5 and change on the day, being as low as 5 3/4 and closing at 7 1/4. My plan is to sell Monday within the first half hour of trading as I believe many over the week-end will learn of the story and think they have to get in now or miss the bounce or on short covering will cause it to move higher on the open. I do think it will then trail lower over the day.

Your thoughts would be appreciated.

Scott
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