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Strategies & Market Trends : Rande Is . . . HOME
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To: allen menglin chen who wrote (32810)8/24/2000 1:26:53 PM
From: Rande Is  Read Replies (2) of 57584
 
Yes, Allen. CRDS warned heavily. . .and short interest is heavy with considerable juice. . .[today at 4:30pm is earnings] . . . but its a psyche game. . . . . the trading world is convinced that the stock is going to dump heavily. . . yet look at a yearly chart on the stock. Where is it going to dump to? $10? $9? $8? Fine, I'll buy it there. . . but once the earnings news is out. . .shorts will cover and that is where I believe a squeeze will occur.

For the short-seller, CRDS is "Short the rumor. . . cover the news!" For the long momo player CRDS it is "wait in stealth until the news is out, then start buying like crazy just before shorts can cover on news" . . .

I've played this way many times before. . . . I call it the "False Correction Play". . .because the near-term correction is moving in an opposite direction as the long-term correction. . . again, look at a yearly chart. . . this stock is due for an even larger correction to a higher price. . .closer to $20, IMO. . . the earnings may be just the catalyst to get the volatility up. . .and that is the most important element of the momentum game.

And in due time, I am looking for CSCO to announce they are buying the "Industry Leader in Fibre Channel Storage Routers". . . . . and as explosive as this stock can be. . . I simply want in low.

That is all. . .

Rande Is
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