Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (8543)	5/7/1998 9:04:00 PM
From: CHIP HUNTER	Read Replies (1) of 18691

Roger first off I'm a technical trader only.. Today it gapped below yesterdays low and almost immediately reversed and closed 2 points above yesterdays close, this is very bullish short term. Roger when a stock has great momentum behind it plus alot of shorts its a great recipe for a short squeeze!! Also the volume was very heavy after the gap up on monday this is also very bullish... We have pulled back 2/3 from the intraday high on monday this is also va very normal occurrence before we head back up... At the very least I expect us to test the intraday high on monday very soon. Also the gap up was 48 points and we were only able to fill 2/3 of the gap... I can give many more technical reasons if you want them.. Lets watch and see what happens!!

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