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Strategies & Market Trends : Action & Options- Taxikid plays

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To: tcarnes who wrote (3216)	1/5/1998 11:39:00 PM
From: Druss	Read Replies (2) of 4339

TJ--You are a fountain of optimism trying to get 25 with Barron's lighting into them. I shorted at 24 1/4 and was happy to get a solid place on high ground to hit them. I didn't want to try to catch a falling knife, and thought 24 1/4 was looking at the high side. I would have loved to have hit it at 24 3/4. Volume was exceptionally heavy at open and I think some funds got caught with their hands in the garbage disposal when Barron's threw the switch. Looked a bit like they were propping it up in the early part of the day. As the volume declined they stock price did too. Be careful with your entry point. The back of this one is not broken yet. All the Best Druss

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