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Strategies & Market Trends : Classic TA Workplace

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To: yard_man who wrote (38415)	5/8/2002 1:10:13 PM
From: JRI	Read Replies (1) of 209892

Speaking of which-g..got a small short play on Csco going, and have been expecting an opportunity to make a profitable (albeit small) bail (before late afternoon ramp).. What I don't like (now realized) from a short's perspective..end of day: These days usually end at a close to new highs..or the highs of the day. Even if we "only" get back to COMP 1677..that is well within gap-up distance for the criminals, and I fully expect they'll do it tomorrow (up and over 1696)...cleaning out more shorts.. Now, we can debate whether or not that attempt will fail....but it certainly looks like its coming (to me)..and if that's the case, then why hold short now? One should be able to re-up tomorrow (hence, AAs earlier...I'll whack the "2nd" gap comment, I suppose).

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