SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : YEEHAW CANDIDATES

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sergio H who wrote (5477)7/21/2004 5:54:10 PM
From: Ken W  Read Replies (2) of 23958
 
Sergio

"Options expiration tomorrow, right? Will Ditch hold? Stay tuned."

With today's downdraft he had better hold...LOL Expirie almost always creates volatility, but with today's fall, tomorrow will be an up day. Fri. should bring even more trading short covering going into the weekend. This week's action seems to indicate that the shorts are beginning to lose control and are getting nervous as the overall market is becoming rediculosly oversold. Personally, I've covered any short sales.

As with a top, the volume today looks to comfirm that a short term trend reversal is due and a bottom forming.

EDIT: The chart

stockcharts.com[m,a]daolyyay[pb50!b200][vc60][iUp14,3,3!La12,26,9]&pref=G

Ken
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext