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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: James F. Hopkins who wrote (20341)7/17/1999 12:52:00 AM
From: bobby beara  Read Replies (2) | Respond to of 99985
 
James, that is interesting about the flood of ipo's this week and the bond issues. I believe we might be able to draw a parallel here with the jan top, with preliminary supply coming in at july 6 with the shooting star and the sell-off on the argentine news, and the buying climax approaching. The market complacency is much greater now that in january.

bb



To: James F. Hopkins who wrote (20341)7/17/1999 12:33:00 PM
From: Gersh Avery  Respond to of 99985
 
Hi James

What I didn't see yet is the market makers taking up large short
positions


One way to establish a short without being noticed would be to short calls and let the stock run up a little.

Gersh