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Strategies & Market Trends : The Dead Cat Bounce Theory

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To: SE who wrote (1685)7/1/1997 9:29:00 AM
From: SE   of 1836
 
Interesting. No one seems to know what to make of BRKT's announcement as the bid ask has been as low as 8 3/4 to 9 1/4 to as high as 9 to 10. Part of the dead cat play may be removed from this one as the news was issued after the market closed as opposed to before the market opens. This gives people more time to think about it and you may lose some of the over-reaction necessary for a good dead cat bounce. However, this one still will be worth watching. The other thing is that many are predicting a good run up in the semi-conductor and equipment makers this month. If that comes to fruition, BRKT may not bounce as the money will be put into other companies that are running as opposed to those that might run. Therefore BRKT may be a delayed bouncer. As the world turns........

scott
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