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Strategies & Market Trends : BFT: Will the tulip craze ever break down?

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To: Mike Greene who wrote (216)3/31/1998 8:55:00 PM
From: Pancho Villa  Read Replies (2) of 650
 
>Position is small. I think stock will hit 42.50 before it hits 25. <

This is the key. If your position is small and you are sure about your homework you can see the puppy ride to the sky. I am not good at trading shorts. 42.5 before 25? One a stock is going up one gets the felling it will never come down. Yes what you propose is not impossible but sanity should come back. IMO a lot of what went on today was MM pushing it up. You now the Janus people are long. They love to do this. On another subject: did you watch the Aerobics National Championships one hour program sponsored by Bally's? I did. IMO a pretty low class tasteless show but I must admit my position is biased.

Pancho
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