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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Justa Werkenstiff who wrote (64352)5/9/2002 12:18:43 AM
From: ajtj99  Read Replies (1) of 99280
 
Justa, what if they take this down to COMP 1625 or 1600 by Monday? I believe that's what may be in the cards.

If they do that, they'll make bulls sell and shorts emboldened. They can then ramp again on AMAT and take it up and past 1696 COMP. Once that happens, we could run up again into expiration and kill the put holders. It all can work.

After expiration, they can take it up further to distribute more shares at the double top (wherever that will be). Then they can take us down into June and/or July/August.

The whole thing is that the market was extremely oversold, and we tend to get 10% rallies off the first day's close when this happens off an a non-capitulative bottom.
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