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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Prof who wrote (14313)10/2/1998 3:26:00 PM
From: Mama Bear  Read Replies (1) of 18691
 
Prof, the odds are diminished with each ut on an end of day play. PSFT has been showing intraday resistance at ~24. It's where GSCO is stepping in to sell. The low was 22, and as it rises and the clock ticks toward the close daytraders that bought near the low are going to be interested in selling to lock in profits. Another problem is that lately these stocks that have gotten slammed are taking further hits the following session. We'll see, but it's already pulled back to 23 1/4.

Barb
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