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Strategies & Market Trends : STEAMROLLER'S DAYTRADES
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To: Wayners who wrote (1291)10/20/1998 3:50:00 PM
From: Wayners   of 1561
 
Covered XCIT short at $30 9/16. Made $1 5/16 on round two. Lost $5/16 on round one--so netted $1 :) Covered because it seemed like it was starting to drop too fast--a good sign of too much fear thus quick drying up of selling pressure and possible reversal. Also don't want to hold overnite.
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