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

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To: NYBellBoy who wrote (18330)3/8/1999 5:57:00 PM
From: Dave Shares  Read Replies (1) of 122087
 
CYOE

Probably smart to try and cover to short higher. Wish I'd done it.
End of day short covering in my opinion, and MMs playing. Remember, this one was in the higher 6s last week, a cover at 5 1/2 or 5 5/8 is still a nice profit.

The volume was pretty high compared to lately, which to me suggests that this one is just about ready to go much lower, but sometimes my TA is too mixed in with wishful thinking.

I am ready to be very patient here, as the rewards should be worth it.

David
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