Stephen,
That was a manly move; hope the education wasn't too pricey.
LU's only at @22+m shares at 2 pm; it was 30m two days ago, so that's the figure to beat: You want to beat it by 20% at least, so that's 36m or 14m shares between now and 4 pm. Unlikely. More likely: It's building up the tension of exhaustion that's needed for the pole vault that we've all on this thread come to know and happen.
If this is to happen as many cats do, it will form a volume sandwich: That's a heavy volume day (or days)
siliconinvestor.com
or, Friday and Monday in this case, followed by three days of lesser volume (i.e., yesterday, today, and tomorrow), and then a fifth day of very high volume. That would be Friday. A good example, with LU, was 8 10/1l as the opening of the sandwich, and 8/17 as the V+1 day, when you'd sell for a profit of 8 to 9 percent, depending on your savvy. I played that sandwich, so I remember it:
siliconinvestor.com
If that SHOULD happen again (it might go up before then--in which case you'll hate me--or the volume might not come on Friday) then you can bet your house on it. Just remember to get out on V+1, AUTOMATICALLY. The temptation will be strong to stay in (this is Lucent Technologies after all, not to mention the fact that you already have a loss on LU); but you have to get out then, and not whimper when the stock, as if per force, goes back up to $60/share. Just pat your back on a profit and go to the next cat.
Ivan |
