Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 187.76

-1.5%

3:14 PM EST

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To: Trader J who wrote (6007)	1/26/1999 12:48:00 PM
From: BarbaraT	Read Replies (1) of 56535

TJ ... I know. I am not comparing the actual stocks, more like the trading patterns. However, you can use any momo stock. They seem to take a couple steps forward for each back. If a trader has 10,000 shares he can sell at 3 and buy it back at least an 1/8 or more lower. When this hit 2 3/4 it went down to 2 5/16, 2 5/8 back to 2 5/16, 3 3/8 back to 2 3/4, etc. Just typical movement. I agree that IMON has more going for it - but $15 was more than I ever dreamed (or I would have held). This market is crazy - I am not looking to make sense out of that which is totally illogical.

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