Scrapps, that Reuters report didn't hit the wires until USRX was down 5 points on heavy volume. People may be saying that's why it went down, but I don't see how it can possibly be true.
The thing is, investors shouldn't be taking wild ass guesses, because the market as a whole will divine the truth eventually, and as someone said just today, (I think they were long) "it will be brutal for those who are on the wrong side of this thing". Very true. That's why it's important to find out the truth of everthing.
For what it's worth, I'll take the liberty of posting a few snippets from my e-mails to you on Monday:
-----------------------------snippet e-mail #1------------------------------------
Monday, December 02, 1996 7:55 AM
>But let me tell you, 5 1/8 points because Dell Computer will offer the X2 modems? Not justified. Since Dell offers USR modems (I know they have for at least a year, I bought a Dell Dimension a year ago) in their computers already, I assumed they would offer the new X2 modems also. It was a gimmee.
-----------------------------snippet e-mail #2---------------------------------------
Monday, December 02, 1996 9:48 AM
>With 2,938,800 shares traded before 12:30PM EST, the price
was at 80 3/8, and it opened at close to 80 (haven't checked exactly). What that means is this thing is under distribution (selling). It may even close today higher than 80 3/8, but I would doubt it will. Should drop tomorrow.----snip----Again, since my current strategy is
short-term trades, If I was long right now, I would be selling.
-----------------------------end e-mail snippets-----------------------------------
David Lawrence mentioned options trading related effects, ole 49r credits her T/A analysis for her decision to make options trading profits today.
Fine, whatever works....so long as you're on the right side of this thing...
PS: I am still in no hurry to cover my short.
Dwight |
