LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: Susan Saline who wrote (33198)	3/27/2000 11:10:00 PM
From: Kelvin Taylor	Read Replies (1) of 43080

this is what happened: the "insiders" and "special customers" who got the IPO price made a nice haul on opening day. then kept on selling so that the price would drop really cheap and they could all buy it back dirt cheap BEFORE and upgrades/news releases. i would buy the position of shorting if only they could. you can;t short(at least we can;t anyway) an IPO for a set period of time. of course the rules may be different for the "other guys" and on another topic, my chart godess. what do you see on the INIT chart now? broke the 50 dma.

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