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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (4925)	9/7/2000 11:49:55 PM
From: Zeev Hed	Respond to of 30051

Still on the bu$$, and I have seen these late day "adjustment" of the price in many stocks and quite often. On the holy thread, they would often argue every tick like that, and come to the conclusion that there is a kabal of MM's manipulating the stock. While I would not rule such kabal out, I would lean, in this case, to assigning the late day run to short covering and then its petering out. I think we have a "broad" trading range of $76 to $82 or so, and unfortunately, I bought smack in the middle, I was hoping for a rally above $81 so I can readjust my entry closer to $76. Maybe tomorrow. Zeev