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Technology Stocks : CDRD (CD Radio)
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To: Allan F who wrote (364)11/21/1997 4:07:00 PM
From: Ploni   of 904
 
Once again, after being down all day, CDRD is making a comeback at the close. Whoever is propping it up can't do that forever.

This could become fun for short-term traders: initiate a short at the close, and cover early the next morning. Repeat every day.

If borrowing the stock is sometimes a problem, just hold onto a short position (instead of covering it every day), and trade long positions. [Go long early in the morning (which will counteract your short position, so that you'll effectively be flat), and then sell at the close (and you'll still have your long-term short position).]
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