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Strategies & Market Trends : The Dead Cat Bounce Theory

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To: SE who wrote (237)	3/27/1997 9:08:00 AM
From: SE	of 1836

ANET Dead Cat Bounce Play Just to up-date on the Dead Cat bounce on ANET that I am doing. If I can get 12 1/8 on the bid, I will sell 100 shares and hold the other 100. If I can get 13 1/8 on the bid, I will then sell the other 100. This would net a total profit of $264 on a two day trade with principal of 2,225 for a percentage gain of 11.9%. If I get the 12 1/8, but not the 13 1/8, then I will sell the other 100 shares at my buy price 11 1/8, should the stock falter. This will guarantee that the overall position is a winning trade, albeit a very small gain. If it doesn't pull back to 11 1/8, I will hold the 100 till around 2 pm or so at which time I will take what I can get. Gotta get in and out so that today's Dead Cat is playable. I still have my stop at 10 3/4. If the stop gets hit, the trade will lose $99.00 including commissions. I am doing this using $12 commission schedule as that is what I pay through e-Broker. Scott

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