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To: simarx who wrote (226)	7/20/1998 6:08:00 PM
From: iceburg	Read Replies (1) of 27722

simarx, Your mistake was falling in love with a short. When your whole theory broke down you should have covered immidiately, i.e. When the stock broke below 5, but their was no rush to the exits as you had predicted. I hope poor j.k. didn't lose going both ways <gulp> As far as Steichen goes, they like to short into these things, especially if they know they have a sale to cover it with. The problem is when the stock runs away they are left holding a bag of trouble. Judging from level II their neck is way out on this one. I expect a gap up in the morning, the strength and duration of the first pullback will set the tone for the day. Steve

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