Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: TATRADER who wrote (3596)	1/5/1998 2:02:00 PM
From: Bud Fox	Read Replies (1) of 7396

After lurking on this thread for quite a while, I thought it was time to respond to your post concerning MDCO. I have followed MDCO recently, trying to see if there was any play left in it. I took note of your trading range suggestions as an initial starting point. When it hit 21 1/2 -5/8, I thought about your shorting suggestion. After it drifted down to 21 and couldn't find any strength to re-test, I shorted. Just covered at 19 and wanted to say thanks for the trading range information! Is it a long candidate in the 18.5 - 19.0 range?

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