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Strategies & Market Trends : LastShadow's Position Trading

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To: LastShadow who wrote (1862)10/30/1998 9:28:00 AM
From: Jay Lyons  Read Replies (2) of 43080
 
Here's something I'm going to watch for while I'm waiting for the Gaps to develope. It occurs to me that the SEEK report will cause a lot of the recent little buyers of AOL and YHOO to head for the exits, even though they have as much in common with SEEK as GM does to Tonka toys. YHOO's down 2 1/2 premarket and the majority of trades are less than a 1000.

Could be the big boys will let them pull it down quite a bit before they start scooping the shares up.

Not a recommendation, mind you, just something to pass the time.

Jay
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