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Strategies & Market Trends : Ask Vendit Off-Topic Questions
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To: Walkingshadow who wrote (7809)4/16/2005 3:57:38 PM
From: Spreck  Read Replies (2) of 8752
 
Terri & Reid
First I want to express my thanks for your previous guidance on PENN which I promptly sold for the small profit I was after in the first place on Thursday. that was as usual an excellent piece of guidance.
Now on F I am short from $9.83 and again not looking for any home run here just a profit. I can not express how much I appreciate your analysis of my trades. I am usually late in and out with not much profit but seem to be getting a whole lot better when I am getting your guidance.
Monday I am personally thinking there will be some more brief selling and if there is a bounce I will be right on top of it to cover F. It Showed some real strength in the last two hours of trade with some rather large blocks going off speaking to what I would say is your exact description of the longs getting ready to trounce on it in any turn around. But then at the end of the day the futures just turned south again really hard and it fell again.
The only thing I can say about trading in such a huge float company is that it does not seem to move really fast where I would get clobbered except in the case where the futures opened up huge on Monday. I do not think We are opening huge this monday, rather as I said before I think some more selling is going to follow through from Friday before any rally happens.
That all being said my two cents are worth just about that, "two cents".
Again thanks and I do hope we have some type of turn in the markets and in AAPL.
Spreck
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