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Technology Stocks : MMC Networks Inc (MMCN)
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To: scoobypax who wrote (502)8/17/2000 10:13:55 PM
From: Lodi  Read Replies (1) of 507
 
Just curious, if it doesn't turn downward, at what price are you prepared to cover? Do you have a max pain level in mind, or just taking it day to day?

I was long on a position trade until yesterday because I felt the same as you that it can't hockey stick forever. But I'm a little gun shy going short anything just because it's moved substantially. Especially with no news.

My gut feel tells me there is something going on here. But I didn't trust my gut enough to keep the position. Also, I didn't mistrust it enough to go short just yet.

I could be long or short tomorrow on the turn of a dime. But I doubt I'll be taking it home. FWIW, the short positions look to be a little high IMO, though that may have already changed(ie:maybe that was the surge in volume the other day. Than again, maybe not.
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