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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: KevinThompson who wrote (15105)11/16/1999 1:14:00 PM
From: Rande Is  Read Replies (2) | Respond to of 57584
 
HEAR: It amazes me how a lousy 20k worth of short-sell boxing can control a stock when the volume slows down.

But remember. . .this is the 4th day in a row that these shorts have been working down the daily highs. . .and on each of those 3 previous days, we bought into the low in the final hour of the day. . .and on each of those 3 days, the price ended near the high. . or set a new high before the close.

So when you get a little nervous about a gain you might not have taken. . . imagine the way these short-sellers feel when we smack the stock with buying and send it up 4 points with them still holding some short positions. . .

And while I am on that. . . does anyone still remember the short-sellers we had when HEAR was at $13. . . gee, I sure hope they covered. . . or by now their phone is ringing, "hello, this is your broker. . .we are going to freeze your account until you cover your margin calls."

Advancers are killing decliners. . . .new highs are far outweighing new lows. . . incredible volume trade day . . . markets are UP in anticipation of the Fed NOT changing interest rates. . . or bias. . . and perhaps even removing the bias, in which case we would really roar.

C'mon Mr. Greenspan. . . let the bulls play.

Rande Is