Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Jorj X Mckie who wrote (19546)	2/23/2000 11:27:00 PM
From: Junkyardawg	Read Replies (1) of 63513

We should try to figure out the next entry point for RMBS. I am looking at the chart and I just can't figure out the next entry. Watching the stock today it could not bust through $200 with any conviction. I read the tape wrong. I thought the MM's were just not letting it go above $200 and they were going to squeeze the shorts again when it broke through $203. Of course I was wrong. I looked to me like the shorts got control over RMBS again. I think RMBS is probably a short here but I am not brave enough to short it so I will just wait for it to hit my target (what ever that price may be)and then I may re-enter. dawg

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