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Technology Stocks : Ariba Technologies (Nasdaq-ARBA)
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To: Mohan Marette who started this subject10/3/2000 3:46:23 PM
From: Spytrdr  Read Replies (3) of 2110
 
ok covering my first lot of 1500 shares short since $ 170 with a trailing stop at $ 115 for a nice $ 82.5 k profit, not bad for a month's work.
the stock is short-term oversold (RSI 20) and due for some small rebound/reaction-rally/retest-of-resistance, whatever you want to call it.
leaving 500 shares for the gap-down? tomorrow, or to see if it goes to $ 100 since it seems to be drawn towards it like a magnet.

askresearch.com
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