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Biotech / Medical : CYPB - Cypress BioScience

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To: Steve Casey who wrote (553)3/8/2000 5:03:00 PM
From: BRAVEHEART   of 586
 
Hiya Steve,

There are what two posters exchanging ideas here at SI. Tuck & I. So I suppose I was trying to persuade tuck to sell. Come on.

Actually I have been effectively trading CYPB for awhile. I missed yersterday by a 15 min decision. I saw accumulation as Distribution...Realized the difference when I checked something...Too late...I never chase a stock.

So I said $6.5 & it managed $7. I expect $4.75 to $5 because this was obviously a P&D...No News.

Translated...Shares in Shares out. No real change in value when P&D & Daytraders are responsible for a stocks activity. Even a rookie trader knows that much.

No matter there are thousands of stocks to trade. If you see me spending time with a stock it is because there is likely still upside potential. I would like to hear your take.

BTW: I would have shorted CYPB at $7 if I knew for certain this were a P&D. In fact if I could do it all over again I would. Trust me if it hits there again on Thur or Fri w/o news I will. I am a trader I don't fall in love with a stock... : )

PS: tuck excellent call on PLC over the past few days. I added CELL & FLYR to our list.

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Jeffrey
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