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Strategies & Market Trends : STEAMROLLER'S DAYTRADES

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To: STEAMROLLER who wrote (328)8/18/1998 4:35:00 PM
From: cardcounter  Read Replies (6) of 1561
 
thanx, i needed to make up for getting a late start on the runup... but I cut that closer than I would prefer to...

I suspect that tava will fall hard when tomorrow's volume is alot smaller than todays.. besides, nothing really fundamentally happened to justify a continued run... the shorts have lots of breathing room... and the market is more likely to favor them on small caps in general..

no one really knows why this stock ran up... if REAL newz doesn't materialize in the tava camp in the very near future.. the momentistas will bail hard... there won't be a 20-25% runup everytime someone says Y2K or some no name equity analyst/firm puts/or is rumored to be putting out a report..

congratz on your trades... you played this one smart... hopefully, I'll play my stuff smarter in the future and not cut it so close....
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