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Strategies & Market Trends : Shorts waiting to happen

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To: Mark Dodd who wrote (115)	6/1/1996 3:52:00 PM
From: Cadaver	of 852

Mark, if what you say is true, the short covering, combined with bull rush can push the price thro the sky. FIBR has a reputation for being volatile. Intraday chart shows sharp rise after 2:30. Could be be short squeeze. Also they were in the news recently. My strategy: Buy at n shares @ open place limit n shares at 16.50 place limit n shares at 16 place limit n shares at 15.50 If the gap is too high, i'll probly omit the open order. Also look at intraday chart of USRX. More than $10 million worth of shares were sold at around 3:30. Price plummeted to 91 after that. I have no idea what happned in after hours trading, but price recovered to 91.75. I think somebody wants to cause panic selling to get in cheap. Could be funds. USRX might drop Mon, Tuesday. Then the big boys will buy it all. Cadaver

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