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 (3734)	1/9/1998 3:56:00 AM
From: LzzrdKing	Read Replies (1) of 7396

<<The reason I am not short up to this point is I am a pattern player...The neckline sits at 10.00...I wait for confirmation of break-through to downside before I risk capitol.....Mark>> the point is, why say its going to 8? It has bounced off support a few times already and has not closed under the 200 DMA. I think you said it's going to 8, when it was mid 10's yet you haven't shorted it, so I must be missing something here. Now you apparently are changing your tune a bit by saying you are waiting for 9.56. The point being, its a lot easier to say its going to 8 when it hits 9.56 than to say it while the stock is in the 10s or 11's. Got my butt handed to me in RDC which gapped down a buck. Got out of MDCO flat and KEG lost 5/8, UTI + 3/4. Nothing too exciting otherwise, was gone most of the day.

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