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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: woody who wrote (56641)9/1/1999 11:03:00 PM
From: Jane4IceCream  Read Replies (2) of 90042
 
I'm getting sicker by the day on INIT. Damn that ML is still messing with the stock.

I have been keeping 1/2 my position long and trading the other half freely by selling when it spikes to 13 1/2 or over and buying back now at 12 3/4. Its a nice little trader but that is not why I first bought the stock.

I think I follow most impatient investors currently on the stock now with a mindset to unload this INIT when and if it breaks 14 or so again. There is absolutely no support for the stock and the way its trading I wouldnt be surprised to see the 11's sooner than the mid 13's again. Disgusting.

I may wait until after the holiday and see if there is any renewed buying in the stock.

Jane
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