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

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To: stockid who wrote (40967)3/14/2002 11:37:43 PM
From: Israel  Read Replies (1) of 99280
 
I see EMLX bouncing up in the am on a false rally off the 200 DMA and suckering in some longs.

...200DMA on EMLX is $30.25/.30, closing below that today $29.25 and subsequently heading down even lower afterhours $28.80, I doubt we see a significant move above $30 tomorrow, I reshorted today just below $31, adding more on the break of the 200DMA, looking to cover a few on the gap down and then reshort on the pump.. IMO, it'll be lucky to see $30.. Theres something fishing going on in momo land.. wouldnt be surprised to see a warning after hours, at which time, this over hyped POS will be teenager once again, IMO..

Israel
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