the beast shall die before too long....
tom...where did you get the borrow today on rbak...???...waterhouse will buy everyone in tomorrow who has not covered...i chose to cover my remaining position today instead of taking my chances on the buy-in...
the phone calls went out yesterday and today to waterhouse customers which could help explain its relative strength the past 2 days...
waterhouse stock loan claims to still be trying to find shares elsewhere but so far to no avail...
i need to vent...watching all the pigs fall the past few days/weeks
has truly made me sick as i have been mostly concentrated in rbak, jnpr and arba...thank god for arba...but here is a list of pigs that are currently being slaughtered<and i mean slaughtered> that i had been short in the past 6 weeks but closed these positions to wrestle arba, rbak, jnpr...
witc, goto, stmp, ffiv, ctix, pcln, cmgi, amzn, ebay, zoox, extr, efnt, jweb...
now i fear the naz will turn on friday with a benign set of numbers and jnpr and rbak will both head towards 200...and this entire window of naz destruction will have been wasted with jnpr and rbak...
i hope to be able to get shares of rbak again...and i will be cautious with jnpr...
for the record, i have figured out why these expensive pigs never fall quickly...daytrading shorts are happy with 5 pts...even if it's on a 170 dollar stock...so they clog up the channel with their cover orders and the stock stops falling...7 pts down isn't enough to scare the lemming longs into selling<lemming longs think they are investors...which means they will hold until it gets bad and then they will sell...>so these lemmings were not scared by 150 so they held...the daytraders clogged the channel and then we have a short covering rally into the close...i am so pissed off i could scream...
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