Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: ted birnbaum who wrote (8984)	5/20/1998 11:37:00 AM
From: ItsAllCyclical	Read Replies (1) of 18691

Ted, I agree KTEL trading looked strange the past few day, however, I still think the downtrend is in place and today is confirming it. You can almost draw a line from the top. Unlike most days we didn't spike up 2 pts at the open (good sign). I also boxed my short, but have a lower average cost (22). As long as the volume remains low and the price swings small the momentum investors will continue to leave ktel alone... If we bounce off 22 again back up to 29 I will probably re-box. Also people are starting to find shares to short.

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