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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Pierre who wrote (4048)11/22/1997 12:43:00 PM
From: LastShadow  Read Replies (1) of 120523
 
RMBS

Huge volume increase just before close on 11/19
net flagged as something to watch, TA was iffy
gapped at open on 11/20
improved resistance for first hour
chart began to compress - jump or dump scenario
figured it would go up as people were accumulating and not selling off
had it running on a streaming delayed graph in the background at open 11/20
went to real time to check bid/ask state and entered market buy
kept running streaming delayed quote toend of day
saw the leveling at 3:30 and figured it might not last into next day
set market sell, was filled at 59.75 just before close
smiled all the way home

lastshadow
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