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Strategies & Market Trends : Tech Stock Options

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To: Adrian Cosoroaba who wrote (2054)	5/29/1996 2:46:00 PM
From: Pascal A. Mons	of 58727

Adrian, I think we all as a group here did call exactly the current plunge in IOMG share price. Yesterday I am on record on this thread to have predicted a $5 dip with a mid-curse settlement @ $ 37 1/2 (with excursion of +/- $1 as it's the buffer zone). That's exactly what happened so far... The 2 previous days we had the same scenario although the dip was $10... The reason is the recent post split run-up did go to far... and away from the fundamentals. In that case astute pros don't try to derail this movement. They in fact profited out of it last steam with Computer Trading biding it up another $5 in the last hour of trading. However the next day they were after it like mad dogs... obviously wanting it down from the start of the session. The resistence was fierce but by mid-afternoon they got it : Their $10 dip engineered by traders. And then momemtum changed hands... They have the big guns anyway. The next day the same ... but earlier of course. Till today where I think that 2 days in a row with plunge of $10 is a lot, so I guessed for a plunge of $5 instead... And I was right again. To me it looks like "Pure Trading" relative to fundamentals. Pros didn't understand the Bulletin Boards excitements... No matter what your information threads pour on the market, they are the ultimate judge. A good trading lesson anyway you look at it.

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