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Strategies & Market Trends : The Market Beacons -- Ignore unavailable to you. Want to Upgrade?


To: Magnatizer who wrote (65)2/15/2001 7:59:34 AM
From: bazan  Respond to of 1298
 
Of course, my mistake. And obviously it also doesn't have to trade down to 2100 to be profitable.

It looks like we're going to open higher as futures are up, CIEN reported and beat estimates so we're going to see buying this am. So if anyone believes in Mag's assessment, this morning might prove to be the best time to open a short as soon as momentum changes. I'll be at work in meetings so I doubt I can watch it closely. Maybe you can tell shorters to wait till 10:30 before dumping.

Also short idph and have been watching your input on btk. I was happy yesterday morning but by days end it reversed. I hope this is the bear trap.

regards,
bazan