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Strategies & Market Trends : The picks

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To: Trader X who wrote (1799)1/14/1997 4:00:00 PM
From: Andrew Vance   of 6124
 
Thanks and that is why I only got 1500 shares (I split the decision). I will be content if it goes up but have cash in reserve should it fall some more. My original re-entry point was to be 15 but I couldn't resist a 5+ point drop to $16 1/2. I even doubted myself in a previous post as to whether it would actually get down that low again. But if it does go 15 or below, I will do exactly what you suggest, get more.

There is a phrase that has been used here that just cracks me up: "A dead cat bounce". Cosidering the earnings and what I beleive to be an overreaction, I think a dead cat bounce could occur here. 2 pts and change by the end of the week is a quick $3000.
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