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Strategies & Market Trends : Lizard King's Trading Swamp

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To: TATRADER who wrote (3101)12/4/1997 10:12:00 AM
From: SpecialK  Read Replies (3) of 7396
 
MRVC had to retest the lows of 24ish, really 25. Done. Now it's 26 and will head back up to the 29 it hit on Monday, if it can't break that we stay in this range. I see it's profitable to buy on Wed, sell on Monday, sell short even, and cover again on Wed and buy. Check it out. We may break that trend if the volume picks up either direction otherwise, I think it stays that way til about Dec 20s and then it will break higher, Sell in the mid 30s at earnings 3rd week in Jan.

Ketan
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