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To: Uncle Frank who wrote (43593)10/6/1999 2:50:00 PM
From: Big Idea  Respond to of 152472
 
For what it is worth - I agree.
I wish I had listened to my gut and bought more last week at $188. Oh well. Bought more at $200 because I still think there is too much upside to ignore!

Excellent advice Rose. I had the unfortunate experience of a similar border line type on a different thread and after about 2 weeks the sick puppy went to pasture.



To: Uncle Frank who wrote (43593)10/6/1999 3:00:00 PM
From: Jim Willie CB  Respond to of 152472
 
short squeeze likely to occur in phases
some are certain to hope for a pullback
I expect a close near but not at daily high.. too strong
will allow a running start for another day

option calls holding value with good strength on pullback here
they are beginning to load back some premium
they serve as "first lieutenants" -- first shot, first out of foxhole

will do another end of day TA for what it is worth
yesterday pulled back when intraday RelStrength hit 80% mark
today pulled back when intraday RSI hit 80% again
80% is widely regarded by TA's to be an overbought mark (20% oversold)
on daily basis we have some clear pastures to run thru before "daily" RSI hits 80%

ON THE FATE OF SHORTS:
the smart losers exit first with missing arms
the hopeful losers exit next with missing arms & legs
the arrogant losers exit late with only outsized heads remaining
the real fxxxups exit when they have to, when bankrupt

more TA later, Jim Willie (jackass GED)