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Strategies & Market Trends : LastShadow's Position Trading

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To: tom pope who wrote (13108)4/22/1999 9:12:00 AM
From: Susan Saline   of 43080
 
NEON
don't know why this is trading lower this am
biz.yahoo.com
but it's
a stock that loves a good dip ... and then rebound

gapping down
will not stay down
would love to see a good 5 to 10 dollar dive

last 51 1/2
ask 48 1/2

just a tentative trade plan
support line at 44 to 46
would look around that price
on ut's only
the turn will be be fast and furious
anyone that play this must watch each trade
and when I play it, I mostly put in a bid higher than the last ask, maybe an 1/8 .... after the dive/dip

in a weak market, it probably would not rebound quickly
but the market shows a strong open, so I would not expect the dip to last long
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