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


To: Johnny_Blaze_420 who wrote (32076)8/14/2000 4:12:53 PM
From: Paullie  Respond to of 57584
 
what's up with the spread on lpth at the close?

15:59 37 +4 1/2
Bid(Size) Ask(Size) Volume
34 9/16(20) 38(1) 376,400



To: Johnny_Blaze_420 who wrote (32076)8/14/2000 4:14:31 PM
From: Rande Is  Read Replies (2) | Respond to of 57584
 
Johnny, while I agree that most moves were on short-covering, it is short-covering and selling capitulation that marks the beginning of any rally. That is why we need to examine this move closely once more.

Is it gold or pyrite?

Rande Is

PS> For those keeping track. . .I didn't call the December 1999 rally. . .nor did anyone else for that matter. . .in fact, everyone expected a selloff into Y2K. . .that rally just sort of snuck up on everyone. . . a little bit each day. . . and before we knew it we were at all time highs across the board.



To: Johnny_Blaze_420 who wrote (32076)8/14/2000 5:44:21 PM
From: Trumptown  Respond to of 57584
 
<<Most of the day's gains were due to short covering>> - I agree, but would be careful shorting here...the fact that the markets held their own is driving the short covering...like the flatlands from '94. Markets are due for a surprise rally and August is half way over...

I see some healthy action today on many of the tickers I follow...

SR