Ask DrBob Message Board - Msg: 15627273

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Strategies & Market Trends : Ask DrBob

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To: longdong_63 who wrote (30156)	4/6/2001 2:14:53 PM
From: Drbob512	Read Replies (2) of 100058

longdong: NVDA didn't look good to me for my shorts at the opening today, because the market was down sharply and yet it barely moved down and recovered in a hurry, so I decided to trade it for 1 to 1 1/2 peanuts at a time to improve my cost basis. It will roll over eventually, today or Monday, probably. But in the meantime, it will continue to make slightly higher highs and higher lows, which is what I've been trading. Am looking for it to break above 66 for another short. Am not looking to buy it below 64 5/8 right now, but may change my mind. Do you have the buying power to trade it a bit to improve your cost basis? Or do you like averaging? I am still looking to see it break but it is fighting it hard.

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