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Strategies & Market Trends : Action & Options- Taxikid plays

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To: Druss who wrote (2312)	10/13/1997 2:45:00 PM
From: Blue On Black	of 4339

Druss, Beware the churn. If you are willing to take the chance, wait until in the morning. It has a history of gapping up in the first hour or so and then trending down the rest of the day (Whipsaws happen in the afternoon, though). AVNT is still a great short but it has time to squirm while caught in the legal system. I think that esol has a limited 'shelf life' due to earnings. I don't think that it can be churned enough to get a third crop of victims but who knows in this market - it shouldn't have been able to get to 8. I was hoping for a little more but I still can't get a fill at 8 1/4. I will have to watch a little more before I go anymore under that. Speculation:It seems to crash a little harder each time - a new low if the props get jerked from under it? lee

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