Netscape -- Giant Killer or Flash in the Pan? Message Board

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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan?

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To: neverenough who wrote (4563)	11/19/1998 10:46:00 PM
From: Wayners	Read Replies (1) of 4903

I hope you are right as I'm short and held overnite. If it opens at $35--I'll cover at the open. Looking at a 5 minute chart, seems to me the bounce off of $35 went up 1/2 the distance from the beginning of the big drop at $41--so it went up as far as $38. The first rally should always be shorted. I tried shorting at $38 and missed a fill by the spread I'd say. Managed to short at $37 1/2 though. Seems that the next step is to retest $35. Strong selloff should equal gap down at the open but I've seen some pretty strange gap games get played but that's usually on low volume stuff.

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