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

To: Return to Sender who wrote (33367)	7/17/2001 12:55:04 PM
From: j g cordes	Read Replies (1) \| Respond to of 70981

RTS.. good short term trade? The stock opened at its low, you would have had to put in a market order for whatever they'd give you.. after that it was bought at 44. Lets say you got the best price of 44 on a buy in the first 10 minutes.. then at 9:45 the stock ran to 45.50 but sold off quickly to 45, then rallied to its high of 47 for a brief moment. Since then most sells have gone off at 46. area, but now its 45.75. So hypothetically one got it at 44 and looking at very short intraday support at 45.75.. you've got a trade worth 1.75 less commissions in and out. At 45 bucks a share you'd have to put up $ 20,000.00 to risk making about $ 600.00 if you timed it close to best case scenario... with INTC waiting in the wings and downgrades in the sector. Even the July options weren't kind because the spread opened up while they took out premium on both the calls and puts so each side is down in value.