LastShadow's Position Trading Message Board

STOCKTALK

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 : LastShadow's Position Trading

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LastShadow who wrote (1271)	10/15/1998 9:41:00 PM
From: Judy	Read Replies (1) of 43080

Why AXP is on the short list as a stock that jumped inappropriately on the interest rate cut news? It was totally appropriate that it jumped along with the rest of the financial sector. AXP was moving up anyway because it has calmed investor's earnings worries earlier and just accelerated a few more points at the end. On fading the gap up tomorrow, caution is urged. Short covering will continue and fund managers who had cashed out will be eager to redeploy tons of cash waiting on the sidelines. The unwinding of options positions ... calls have been wiped out earlier this week and it could be expected that put positions will expire worthless, that is, stocks may be pinned to strikes at the upper end of their trading range.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next