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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: AD who wrote (17694)3/5/1999 7:26:00 PM
From: Jimmy Dell  Read Replies (3) of 122087
 
<<mama bear has put it more eloquently, but here it is--- if too many people bought SEVL purely for the gap play, then their market orders to sell at the open Monday will overpower the new buying. >>

The big flaws with the above and with those who shorted SEVL today were overlooking the huge 20.5 million volume and also overlooking the impact of Business Week on a stock. It wasn't just daytraders buying today who will then sell at the open. There were many many other types of buyers today.

The same will be true Mon. morning. The BW article will be read for the first time by many who got their BWs over the weekend and buy Mon. morning. Also the market didn't have time to react properly to the news today, which came out in the last 5 to 10 minutes of the market. There will be buyers on the news Mon. morning. Also, the fact that this AOL news came out lends credence to the BW article and gives credibiity to the other big predictions for SEVL in that article.

There will be a gap on Mon. morning and plenty of time for shorters to get shares Mon. morning at the higher prices then. It was a mistake to short SEVL today.
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