Thanks for your help with CIEN. Although I only scalped a dollar, hey, at least the direction was right...it got down below 78 in the final hour, but it came back to hit my stop..
A couple quick questions: (for you, or anyone): Do you short only certain times of the day, ie, morning (so that you have all day to make good) or "never in late afternoon", or any particular policy?
Also, CIEN hit 82 1/4..would you consider that "not breaking the neckline" or did it make it thru? If not, I suppose this makes even a better short going forward (especially on a another failed retest)...also, NTAP did a similar thing- peaked slightly above 110....Am I to take it that these 1/4 pts. moves MIGHT be the marketmakers cleaning out all short stops (before letting it go lower again)? If so, wouldn't that be bearish (for the stock)..?
Congrats on your price support levels (CIEN, etc)...they have turned prescient...great!
and Thanks again for the support...(BTW- I messed up RIMM today, and tried to catch the rally on the "faux" Supreme Court news....unfortunately, the initial wire reports got the story wrong, and I would up scrambling to get out at even)..I should have leapt on Cisco today, I forgot about the analyst meeting |
