Cryogenic Solutions Inc. (CYGS) Message Board

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Microcap & Penny Stocks : Cryogenic Solutions Inc. (CYGS)

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To: makin_dough99 who wrote (563)	7/10/1998 6:00:00 PM
From: MarcG	Read Replies (1) of 4028

Barry, To oversimplify it, my risk tolerance is more than Lucky's. If I had shorted at 1.00, I'd be long gone too. But both of us agreed that this was overbought from a much higher level. Today's limp less than 1X avg daily volume reacting to a news release overnight and a bid that moved up less than a teeny taken within the context of yesterday's highs left me feeling confident that MM's were just getting a little more short, readying the next move for themselves. Daytraders don't like loosing more than an 1/8 on trades. "covering" a short means buying back the stock you sold short. Is this what you meant yesterday by asking "taking in" the shorts?

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