Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.21

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4:00 PM EST

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To: mattie who wrote (17000)	7/7/1998 1:56:00 PM
From: Tiley	Read Replies (1) of 69371

Mattie, Normally I'd agree on the ol "buy the rumor, sell the news". In case of net stocks, since everyone is expecting that and we have the stocks heading lower before YHOOs earnings - I'd bet with Clint that they tear up if YHOO's earnings are very good (and the stock is trading like they are). The strength in the move after YHOOs earnings will tell us if there is a correction in the nets coming or whether they will continue on their merry way to a bigger correction, LSN appears to be too low a volume and easily manipulated stock - so I'd play any breakouts here with a pinch of salt, Later, - MJ

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