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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: stockid who wrote (40961)3/14/2002 11:28:33 PM
From: stockid  Read Replies (4) of 99280
 
From Raging Bull on EMLX....

EMLX Friday ranges? I see EMLX bouncing up in the am on a false rally off the 200 DMA and suckering in some longs. I see a high of 31.75 and a low of 28.5. I closed out my short today from 31.75 to 29.35. I would like to get short again in the 31 range if poss. I think EMLX might warn after hours Friday and we see mid 20s next week. They had to make up 60% of thier quarter in March, and I am betting the farm that they didn't make it. With all the insider selling in the last month you have to know something must be up.
I noticed that April is the worst month to be long EMLX over the past three years.
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