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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: ynot who wrote (1677)	7/8/1999 1:29:00 PM
From: Tai Jin	Read Replies (1) \| Respond to of 18137

I'm also short MCOM. TA and FA aren't factors here. I've seen these stocks that go straight up 5-7 days in a row on momentum. The end is not pretty as they always fall sharply when the momentum traders cannot push the stock any higher. The momentum cannot last for very long especially when it's moved so much so fast. The only thing that would keep a momentum stock going is more good news. So I don't think MCOM is moving in sympathy with the sector. Stocks like this move on their own momentum. ...tai