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Strategies & Market Trends : The Dead Cat Bounce Theory

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To: Iquit 10-13-87 who wrote (1777)8/14/1997 10:46:00 AM
From: STOCKaHOLIC   of 1836
 
Dead Cat Flashback (TLSP) Down 11% yesterday. This was a previous DCB play on this thread. Now it looks attractive again to the mid $7's. Seems to be basing here with relatively high volume. No news for yesterdays drop.

Current BID $6 1/4 ASK 6 5/16. Volume 270,000.

Playing dead cats a month or two after their big drops can be very profitable. Two recent ones I have played three times each are ACTC and ACCL. TLSP seems to be following the same pattern. As always, do research before buying.

Phil
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