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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: drsvelte who wrote (28494)9/27/2000 2:01:55 PM
From: shasta23  Respond to of 68070
 
HI DOC!

The virtue of using stops again proven with CMTN. Any idea where that shift of sentiment comes from? Yesterday everybody was saying the bottom was in, target $145(hahaha!!) and today "whammmmoooo!!"
What's the deal?
I mean if i were a fund manager i don't want to be caught at the end of the quarter holding a looser like CMTN and i speculate that they painted the tape to sell out just a little higher(20%) from the bottom. With volume like that i can only imagine some funds getting out. Maybe this is actually going to be a bottom for CMTN here and on the first trading day of OCT it will go up again. Just speculating here! No position and amazed by the amount of manipulation.

Stefan



To: drsvelte who wrote (28494)9/27/2000 3:08:46 PM
From: Johnny Canuck  Read Replies (5) | Respond to of 68070
 
It sure seems like a rigged games doesn't it. I still have the initial position which is under water. We won't get any visibility till ADTN reports early next month.

I want to take this survey again. How many people are still up for the year overall (investing/trading)? Most of my brokers clients are under water and have no intention of buying more. Most young guys in high tech companies locally seems to be pouring all their money into options in the companies they work for. I am trying to get a feel for how defensive/aggressive the general public is. I am still doing well in my investing account though not as high as earlier this year. I need to check but now flat in my trading account. Up overall.