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Strategies & Market Trends : The Dead Cat Bounce Theory

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To: p. webster who wrote (233)3/26/1997 10:52:00 AM
From: SE   of 1836
 
p,

Consistent with what I have stated earlier, I believe that ANET is a buy right now. It is a two day dead cat. It has bounced off of its low of the day and retraced and is ready to move higher. I will on paper buy 200 shares right now at 11 1/8. (Not real time so you will have to live with that) Trade cost me $12. Now lets see what happens.

BTW, chart can be found here. Trader1, this site is also what you are looking for.

tscn.com

Scott

PS -- Forgot to mention, I will set a mental stop 1/4 point below the bid of 11. I am giving up 3/8 to the downside therefore. Stop 10 3/4.
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