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

To: Bilow who wrote (2513)	8/7/1999 2:30:00 PM
From: gaj	Read Replies (1) \| Respond to of 18137

ebay - i'm so miffed at myself, because (well before cnbc reported it being down), i saw the site was down. i didn't think anything of it, and in fact didn't play it at all. i should have gone short, obviously. my question: when ebay or egrp goes down, does the stock always follow suit? i've been late to the party when egrp goes down, and don't know whether it trades down for teenies, quarters, halves, points, or what? thanks...- bob gaj

To: Bilow who wrote (2513)	8/7/1999 2:56:00 PM
From: Richard Estes	Read Replies (1) \| Respond to of 18137

You are very right about the many ways to make or lose money in the market. There were many ways to have gone short on EBAY without even knowing what the news was. The charts gave the opportunity. The nearly 40% runup from the thursday low would have caused you to think that the lackluster market would see selling without news with a 50% retracement in line for that stock. on a 5 min chart, a 8/7 displaced MA or MACD(13,34,89). Or the myrid of other indicators would have told you. Like you said Price is the true value, I like to watch it rather than CNBC.