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Pastimes : Rules We Can Learn From

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To: Dusty who wrote (93)5/4/1998 11:23:00 AM
From: mph  Read Replies (2) of 109
 
Here's a Rule:

Don't buy at the open particularly when buying pressure is expected due to news. Example: ENMD. It opened at 84ish today, having closed at 12 1/2ish on Friday. It's dropped considerably, but still WAY ahead of its prior close.

Subrule: Don't pay $80 plus dollars for a small stock with no earnings on a day like today!

BTW: I did not break either of these rules. Just watched the action with amazement!

mph
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