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Strategies & Market Trends : The Dead Cat Bounce Theory

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To: SE who wrote (277)3/27/1997 3:07:00 PM
From: SE   of 1836
 
Well, I am out of the other hundred right now at 12 1/8. Could have saved myself a commission and sold all this am.

Details:

Sale 2401 (12 1/8 * 200 + 24) less purchase 2237 (11 1/8 * 200 + 12)

equals profit of $164 divided by $2237 equals percent gain of 7.3%

Not bad for a one day trade.

Steadman funds could use this kind of approach!

Scott

I will talk to you all on Monday with a new Dead Cat.
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