tim, I agree with what you say. Here's a couple of
notes and amplifications.
>> *** remove any stop losses ***<<
Actually, I meant to say sell limit orders at a high number
for tomorrow's open...let's say 38 1/2.
Maybe like you said, the MM's will try to open it low, but
there's a very good chance there is too much buying pressure
tomorrow morning. If they open low, that will almost guarantee
a spike up. Then, there will be a cooling off period...if the
MM's can have that much control.
The question is, how much control do MM's have and is it
influenced by how many buy orders they are getting? Of course
they have their own shares, so possibly they have much more
control than we imagine. But also, there are a lot of MM's,
so I don't see how they all coordinate with each other, unless
there are just a few that actually are big buyers, and then
a smaller group can control the tape.
>>IMO buying this stock on any dip (IF WE EVEN HAVE ONE) is a smart move.<<
This is what I will try to do. The assumption is that the stock
will keep momentum for a week or so, and always be going up. (which
turned out not to be true last earnings quarter, probably since
another quarter was needed to validate true turnaround)
After a week or two of this, we will be done with preannouncement
season, and COMS will get some added lift from the positive
move of next month. Stock prices are too low right now, and
more companies will beat earnings than is assumed. We already
have the big three good reports...INTC, MSFT, and DELL.
These guys most certainly will pump up the market during oct-nov period.
joe |
