Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: wmwmw who wrote (243)	1/14/1998 4:52:00 PM
From: Pullin-GS	of 2120

Right behind you with a $14 3/4 GERN short....holding this one for a day or two (don't do that often with shorts). Trading action GERN was heavy selling on any advance with 3PM croud, with action lightening up to a handful of trades/minute (selling and buying) in the last 30 minutes today..... GERN will die a slow death, like many hype plays do. Pegged first resistance at 13 3/4, next 13, 11, 10. Hopefully no new news will put a damper on the fun. Got in on the CS rumor-rally of LU takeover.... Glad I was following CNBC when Corn-Ball got on and said that all the fuss was a purchase by CS of a small no-name company and NOT CS being bought out. Was able to save the trade for a 1/2 pt profit. Lots of people got left holding bags of CS paper on this...it will gap down on Thursday-open.

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