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Strategies & Market Trends : Shorts waiting to happen

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To: Judy who wrote (432)8/9/1996 4:17:00 PM
From: Cadaver   of 852
 
ASND: I did not exit at 53. Still holding on to my puts. Will sell if there is a large down gap on Mon. Else will hold for a little while longer.

Looks like I was early by one day. Things are begining to look good on my menu.

What are the mm's upto? Push things down for a couple of days to buy back before expiration? What will they do after expiration? Let go?

A THIN VOLUME RALLY IS DANGEROUS. Remember presstek?

All in all, the market is healthy as long as nobody is sure. A market is weakening if there are more believers than heretics. A market is in trouble where most of them are believers (both bull and bear.) It's a good thing we had this correction. Is the froth has gone? Are we down to the beer? The depth of this correction will tell. Anyway, I'm playing only options until comp breaks thru the 50 dma. It's remained above the 200 dma so far. That's a good sign.

Do you really think the mm's are as bad as they are made out to be? I know they do some dirty tricks in a while, but can they do this for weeks? If they are pushing up the stock, all mms have to be in cahoots with each other, right? A penny stock for your thoughts.

Will post more on my menu once the charts are out.

Cadaver
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