SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Herm who wrote (8594)9/17/1998 1:46:00 AM
From: Joe Waynick  Read Replies (1) of 14162
 
CIV potential bear trap!

I shorted 300 CIV today at 22 1/4. Looks like a potential bear trap on Friday.
With no recent news it's hugging the upper band with an RSI of 80! Check it out:

bigcharts.com

Date Open High Low Close Volume
09/03/98 20.312 20.625 20.312 20.312 129,500
09/04/98 20.500 20.500 20.187 20.437 96,100
09/08/98 20.437 20.687 20.312 20.562 104,800
09/09/98 20.500 20.750 20.500 20.562 71,000
09/10/98 20.500 20.750 20.375 20.750 84,800
09/11/98 20.625 21.000 20.500 20.875 74,500
09/14/98 20.687 21.500 20.687 21.187 127,100
09/15/98 21.250 22.312 21.250 22.312 295,200
09/16/98 22.187 22.437 22.000 22.375 178,400

Conectiv, a holding company for Delmarva Power & Light Company and Atlantic
Energy Inc., provides regulated electric and gas utility services in DE, MD and
VA. CIV is also engaged in communications and other non-regulated activities.

SHARE RELATED INFORMATION SHORT INTEREST INFORMATION
Market Cap. ($) 2,107.749 Mil Current Month 2.646
MilShares Out. 100.970 Mil Previous Month 2.427
MilFloat 93.900 Mil Short Interest Ratio 23.4 Day

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext