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Technology Stocks : AUTOHOME, Inc
ATHM 23.96+0.6%Nov 18 3:59 PM EST
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To: Benkea who wrote (10340)6/5/1999 12:45:00 AM
From: larry  Read Replies (3) of 29970
 
I was pissed because I KNEW it was coming and I was not able to borrow shares to short the big at 108, and then 105. To make things worse, the put volume was so low that I had a tough time of covering the puts I wrote. In the end, I was down 20 k on this whole mess. If I were allowed to short this morning and afternoon, I would be a winner.

Anyway, issue is destined to test 200 DMA on Monday or later next week. If rate hike is announced, a drop of 15-20% below 200 DMA is very likely. the 200 DMA is that important. I have NEVER seen an issue getting that level penetrated without bleeding...hard.

larry!
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